For the per capita production function y = K 0.5 ; what is the level of savings rate at which the consumption per capita is maximised at steady state? Assume depreciation (δ) = 0.1 and no population growth.

Question

For the per capita production function y = K 0.5 ; what is the level of savings rate at which the consumption per capita is maximised at steady state? Assume depreciation (&delta;) = 0.1 and no population growth.

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For the per capita production function y = K^0.5; what is the level of savings rate at which the consumption per capita is maximised at steady state? Assume depreciation (δ) = 0.1 and no population growth.

The Correct Option is D

Solution and Explanation

Top Questions on National Income Accounting

Questions Asked in CUET PG exam

For the per capita production function y = K0.5; what is the level of savings rate at which the consumption per capita is maximised at steady state? Assume depreciation (δ) = 0.1 and no population growth.

The Correct Option is D

Solution and Explanation

Top Questions on National Income Accounting

Questions Asked in CUET PG exam

For the per capita production function y = K^0.5; what is the level of savings rate at which the consumption per capita is maximised at steady state? Assume depreciation (δ) = 0.1 and no population growth.