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The question is as follows Consider the production function: Y=F(K,L)=K^(0.3)L/0.7) a. What is the per-worker production function? b. Assuming no population growth or technological progress,

The question is as follows

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Consider the production function: Y=F(K,L)=K^(0.3)L/0.7) a. What is the per-worker production function? b. 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 savings rate and depreciation rate. Please show all your work. Only submitting the final answer will earn half the credit

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