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Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506893
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Math Econ Question 4
Please help to solve and explain into detail

Transcribed Image Text:4. We can express capital stock as a function of time: K(t).
a.
Express K (t) as the integral of the rate of net investment flow at time t, I(t). Provide an
economic interpretation of your result.
b.
Suppose I(t) = 3t0.5 and assume K(0) = c. Find the time path of capital.
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