In the Solow model, if f(k) = 2k^0.5, s = 0.1, n = 0.1, and d = 0.05, what is the value of f(k) at equilibrium?
a. 8/3
b. 2
c. 2/3
d. 4/3
Answer: A
In the Solow model, if f(k) = 2k^0.5, s = 0.1, n = 0.1, and d = 0.05, what is the value of f(k) at equilibrium?
a. 8/3
b. 2
c. 2/3
d. 4/3
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