Suppose that the function Y = F(K, L) = K.5L.5 describes the production technology for an economy with fixed population. Can this economy obtain an arbitrarily high income level over time by building up their capital stock, given that capital depreciates? Explain. !

1. Suppose that the function Y = F(K, L) = K L. describes the pro- duction technology for an economy with fixed population. Can this economy obtain an arbitrarily high income level over time by building up their capital stock, given that capital depreciates? Explain