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Question: 1 a country has the production function yl12k12 a this...

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1, A country has the production function Y=L1/2K1/2 a. This production function has returns to scale. marginal product of capital and 2. The United States has been at or near the steady state for quite some time and yet the economy still grows. What might account for this? 3. If a country has a natural disaster which destroys much of its physical capital what do you expect to happen to the level of output and what do you expect to happen to the rate of economic growth? 79개 단어 ! [e 영어(미국)
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