Repeat questions 1-4 for Indonesia and Mexico only, but this time assume the production is given

3131 by Y = AK 4 L 4 . That is, assume the exponent on capital is 4 rather than 3 so that diminishing

returns to capital are less. In question 4, compare the results with those obtained with a capital

1 exponent of 3 . Why do you think the results are different? Is it reasonable to assume a capital share

of 43 in the model?