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Homework Assignment 1 1. Let St+1 = St-Qt+ a*Qt be the state equation. The initial stock, So, is 64 tons of gold. For the following

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Homework Assignment 1 1. Let St+1 = St-Qt+ a*Qt be the state equation. The initial stock, So, is 64 tons of gold. For the following values of Qt and a in a. b. and c. determine the stock size of gold between time period 1 and time period10: a. Qt = 8 and a = 0 b. Qt = 8 and a = 0.5 C. Qt = 0.5Stand a = 0

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