Kuis 14 Audit Sistem Informasi Prof. Apollo: Dampak Teknologi Audit Model Solow

Depreciation rate (d): 0.10

Solve for the steady state capital labor ration, output per worker, investment per worker, and consumption per worker

Step 1: 

Solve the per worker production function:

So, y= k^2/3 , lower case letters represent quantities per worker

Step 2: 

Solve for investment (i), where investment =saving ( saving rate x income)

i= sy

substitute into i :y= c =  and s= 0.40

i= 0.40 k^2/3

Step 3: