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2 Suppose now that total output is produced with the production function E: = Ale (4) with A > 0. The households are as in

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2 Suppose now that total output is produced with the production function E: = Ale (4) with A > 0. The households are as in the previous question, but since labour does not enter into the production function, wages and 3 ECON3010W1 hours worked are equal to zero for all :5. Assume that 6(1+A6)>1 (5) which is necessary to have positive growth, and 510mm a

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