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QUESTION Consider the constant elasticity of substitution (CES) production func- tion: Y (t) = F(K (t) , A(t) L(t) ) = Ba(BK (1)) +(1 -Q)

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QUESTION Consider the constant elasticity of substitution (CES) production func- tion: Y (t) = F(K (t) , A(t) L(t) ) = Ba(BK (1)) +(1 -Q) ((1 -8) A(1)L(t))" (1) where B > 0.0

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