Economics question

Question 6. (10 pts) Consider the Malthusian model we studied in class, and let land endowment be denoted by fixed quantity X, the technological level by B, and the population size by L. Total income is given by: Y = B XBLI-B. Per capita income is: y = = = B (XIL) Population grows according to L/L = 0(y - c) where c, is the subsistence wage Suppose at time To (denoted by the green color in the graphs below) there is a one-time increase in the technology level B. Which of the alternatives below is consistent with the short and long run dynamics of population and income per capita in this model? Explain. Note that t (the horizontal axis) denotes time in the graphs below. (A1) To 't To ( AZ ) Ly To To t (43) To To ( 14 L g To To