Lecture 4 32

Lecture 4 32 - Order Conditions ) ( ) 1 ( ) ( 1 1 = − −...

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Stylized Facts of Economic Growth 3. Rental price of capital (r) is constant The firm chooses K and N to maximise profit, so taking First-
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Unformatted text preview: Order Conditions ) ( ) 1 ( ) ( 1 1 = − − = ∂ Π ∂ = − − = ∂ Π ∂ − − − w AN K A N d r AN K K α...
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This note was uploaded on 04/03/2011 for the course ECON 2021 taught by Professor Mok during the Spring '11 term at HKU.

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