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k = saket, k(0) = ko The constants a, B and ko are positive. Find the solution. 4. (25 pts) In a growth model Q
k = saket, k(0) = ko The constants a, B and ko are positive. Find the solution. 4. (25 pts) In a growth model Q is a function of capital K and labor L. Suppose that K = 8Q, Q = KL and = LB with L(0) Lo - Assume that B = 0 and a E (0,1). Derive a differential equation for K. And solve this equation when K(0) = Ko. k = saket, k(0) = ko The constants a, B and ko are positive. Find the solution. 4. (25 pts) In a growth model Q is a function of capital K and labor L. Suppose that K = 8Q, Q = KL and = LB with L(0) Lo - Assume that B = 0 and a E (0,1). Derive a differential equation for K. And solve this equation when K(0) = Ko
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