3. Assume that production fun ction takes the form Y = (Ko.5) + L'as)e, Show if %3D this production function obeys neoclassical assumptions. 4. Lets assume that the time derivative of a continuous...

Extracted text: 3. Assume that production fun ction takes the form Y = (Ko.5) + L'as)e, Show if %3D this production function obeys neoclassical assumptions. 4. Lets assume that the time derivative of a continuous variable Xa is defined as X = M+ N where, M. and N are also contimuous variables defined by follow ing fun ctions: N = ek+ & M, = et and k is a constant Find the grow th rate of X, at the steadystate in terms of k.