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our work clearly. 12.5 points) Consider an economy described by the production function Y = K0.25 0.75 a. (2 points) What is the per-worker production

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our work clearly. 12.5 points) Consider an economy described by the production function Y = K0.25 0.75 a. (2 points) What is the per-worker production function? b. (3.5 points) Assuming no population growth or technological progress, find the steady-state capital stock per worker, output per worker, and consumption per worker as a function of the saving rate s and the depreciation rate S. c. (7 points) Assume that the depreciation rate is 15 percent per year. Make a table showing steady-state capital per worker, output per worker, and consumption per worker for saving rates of 0%, 10%, 20% 30 percent, 40%, 50%, 60%, 70%, 80%, 90%, 100%. What saving rate maximizes output per worker? What saving rate maximizes consumption per worker

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