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5 4. Suppose the application of fully autonomous robots in manufacturing significantly reduces the depreciation rate of physical capital utilization. Use the Solow growth model

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4. Suppose the application of fully autonomous robots in manufacturing significantly reduces the depreciation rate of physical capital utilization. Use the Solow growth model to graphically illustrate the impact of the slower rate of depreciation on the steady-state .capital-labor ratio and the steady-state level of output per worker. (20 points) Be sure to label the: a. axes; b. curves; c. initial steady-state levels; d. terminal steady- state levels; and e. the direction curves shift

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