Homothetic production function and growth question

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Homothetic production function and growth question

Nupur



Please help in all the parts! Don't do in detail but any sort of hint is most welcome!
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Re: Homothetic production function and growth question

Dreyfus
I m getting 5.5% for part a
I used the fact that Lw=Kr , w=MPL, r= MPk, also since production func is homogeneous of degree 1 therefore by Euler'stheorem Y=L*MPL + KMPK
I used all this information to compute part a by applying logarithm to production function!