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, 1(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.

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, 1(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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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