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Dd Aesisnmestt Billie — Answers Ete 607}. MAY 014 — — 1. 4) Given that = & we want + Ale Wave « plawwev choosing &, wastead f dole that Ce py z hh. Le Civen thot Ags, = CitsJA, we lave that Gy Az = C1+9)'Ay = (49)° srece A, = 1. Therefore ee = ware . Luserting this tate the Aovsehol 's vtthh, the abjedrue beemes t V+ Z6° (wss)" = B' piual) 6X "Ete aS > 5” (pcg) Err e526 LT Lali Fae the teelmelosy Ye = se L) > f.-% 2k AL)” = ake "eke. Ale Aili AjL The lAwef Mohon Fn cap/tal : Te = Ku Ce alk, bcemes 2D, = Ku Cal Ke Al, Acle Ale with Anbar = Cg ALL since Lye corsdent he aM % , a—Rlawaer always vee O Les | Siuce a Plauner Always vaes al avaleble labor Le =z 2h, 21 Ve. 6) The Belluan equahin with « constraint VUE) = mace f BE 4 pcg! Vb) Gi Ke i x a a the (2B eo -&-Ey) Cc) The vocassany cordihars are: Ex = be and Ala) VLE) = de. = a ACUD) Vv Vb,, ) . Frows tte Enve/a/ codon : VUE = eB ere) aad updebe Lpevid V(Bal = hey Lee Ku tio] aud fy = den. Ta 0 Euler Guattn: acces) Sar [ae hy + el 1. dice Alanga BGP E =k 1 ee G G26 ve From Ye Zole Equahion te Alles) Coe kes? > kr/_ oz am I pt = _ 7; ~s) aus yes a fide ire d ee —(-) 6645) A A GPs zk aes k- RC +9) = = eran 4 aX = 2 he 4 1k am] ~ gta) CCHS) leg)" Note *het we nad tl > ld fa eg) all Huse yaluse to be peaches if Ly au oh arn odd nombers . [-o 1. ¢) g.= KuirKe bot dere kK ____A,ly Omthe BEF Buck eo L. ER Bot Belk Ken Ka E . Gules Agh, = © —— Abe ba «Ll =) Ker = Few bess = tg Se ce Lay Le Ke Agle 2 de = 4 Ge = Cour Se and Sn - Fe 2 0 < Ce a » Sin =e Cu Se =o a Pheer Ag le A A Gsst—- Aletha 10g. ng Arle aud 4° = Ypee ht Ye <0 tt beg het ge a Df ® Use cous traits @ aud (é) ete the ob jcdre Fox chon ; Se Mone | daa (4.19 rh) + 6d elin)s)) FO.c. ff eB CH) Wu, ((- Te) ty thee OF) Se La) % = BLY (et) +H the Se] $e = B [weli-n) 1% the ] i-6 DS. Ne Sy & aggnegate ving 2. a) b) , Mort (Hy )KLE wm Le-a Ky bale 2 (meek = =e uae kT! (Igoe kELe™ = wy, =[-m)awe kf ¢) Sewn T= Ky, - drake B72 0 oe Ce = Mar{cet Epuilibrivm coved be'on 5 + mM, =Le Labor 5M, 2 Le saving Anatol Af Mm =o Croft # Sig = UGC) + be - He Cou somp hin Caey 7 CUE Fe PY 2.d) Siren be TWh, ¥e Along wt - ely Ye with s.N=T = Kee - cra Ke be Le 7 > s+ ‘ aes Simca Wey, > ¢ Fen) W, ky, cen — C1-d) by , eet T= (IG) oA keer f WCities) +e tbe} _ -S From 6) Pout Ven Fron 4) whee Mao aud by = Thing +Ty Fe feet Sil +l, de] =D. Se Se 2fin[ We +h, ate | From b ) Wy = (IT 4) Yo ( fet g fires J Ds “Af mudanpeke = Af im tid ]abe = ky, Cer) Orghe he oO Trausitiateseehion Ree ~9lke) This abso Shows Saving rate 2 « fraction 4 Bex cap'te cotpet YG, | S&S 2. €) Ze Seed, Stecle _fli-« +Heek” =Gira)k inp kL > kre l& a(i-% +% 0) )*™ Fe pd =) Ks abr e- fb ade” l= Cede" +%; gt-s” with wi=(-%) (iz ws ei-G@r st with Kee te = (-Tg)a eke with subst fe bie k* frown Above Note Ty fects k* but wort Ti 2 Of = (GNI) 2 Ke Tak Cet aekr™ at LLB) +5 oA Coat g QT 2b eS = (1-54 ele mate) 2L* 6 a Newt, = Th, Tokep evene coustatit must be hak : - Ty we % 4 = hw we ae aX w =(-G)Ciadek w*S Gelak Fi, 1M) (1-0) LG de = Fe Col gl (eq JG-#) +7) = Ta) eon & yl rH 2h = (ROG) + 74) (6. acicot)) +o ay eg I-B nee Based on the old Ty 20 ad TI >O 45 b tHe new tax pate weeded fo Koco Qavemmet Navewe constent, ue woth, that Ty, ches we fat Ee 4”) Ss” aud ch whkl, ae deaendert- on % ome. Cleats, QE yo 24% 56 and BS" 50 oy ou an > Ramones Ty (aces Hese Steeda stele Velves, Ths wag Sect cou terintes bre , Rot role, Pact setting Ty ot rustead world load te WYO aed K*=-5 Swvee cf =0-%) w +% yr s* aud Clea Gq L, 2 wr 8 —trdek 4 i) ek" DE t vo toa lipeae* >) setting Ty =O fa ofect o CN & Also Aubrs vets Also CS = ((4F*) S* gud w ae _ on bee “(Ag)ow eter nok Ty Or, £8 2 cy Falls b sebtiut Ky = To io more distahug ie Ty 1) Wh 3,4) A Phwer Solves — oe wn EBS Gy Kiger gO $4, (J €, +5, -% 22k lL @) Tee Ky oak ) Ay=% Ke aud Kee Ky ws, (is) KyS0 aed “Le Ng with Steuded fran syesthls cudih ows, Fran the Beran egeahen vote that GQ Plarwenr aSwaugs uses 200 the resources se a a nA Combining He comstracute Vike) = max fo 6, tak) Ce, Is, +t js . thy [eK(y kK) ‘*¢,- Ea IK] a4.) foe. t or c, BV (Kes) =he From Enuelop Condi hie V(K) = Ven el > V (Kun) = de Ley rns] 2 VK.) = ene Cun, 2» Evln Equation st (feu me If) Ce Cost 2 1 = BER ve 5) -! a cous tent 2 E20 & c) Ova BEP = 4. =4a Gy Ie = Ie 4.4) Thao wibdel with 2 terveliise © jo Glan fo an AK model . Gen Ay =NKe ve wte adel, the Feclasalesy a -en' Ky Ladies AK Fae DE mel oe ee ee ees doch ivsuy narpi'va | Food uctrinty of capital dud te froduoh'ar cuveh'on eo l'wean i @) The ua teoded ¢/ Ludeperos growth Sivee Uadex Carddhions cb) Hare Perpetl castont growth vate 7 MQ agcresate vanrkes Rover (1736) sectrodvces @ Poal hag aytenwalibies between tte leben Av surah Feclnne lepvcal ogee ie he Agyugats Gol gf Cans tel @® 3.4) -- The OWeuce pas to capture the idea that at He aggugrve. labor can becane Were fe tint With — Leameing mane Wher Ky larper. Tw otter werls, leamine or heman Cape accu lahran captured wth Ay bas a nion-exclosing pelehian with He talent 9 Acyegste CompiteI waged the certo. aK ms A peatting extewalty on AY Hie hon capitel bul,

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