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9) When the fundamental differential equation of the Solow model is divided by capital per capita, k, the first term on the RHS [s k
9) When the fundamental differential equation of the Solow model is divided by capital per capita, k, the first term on the RHS [s k (-"] is negatively sloped consistent with: (Assume no technological change) a) Constant returns to scale. b) Decreasing marginal product of labor c) Decreasing marginal product of capital per capita d) Increasing marginal product of labor
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