Consider a planet in which population grows at the constant rate n and people save a constant…


Consider a planet in which population grows at the immutable rebuke n and herd catch a immutable division s of their per capita output. Output is manufactured by environmental high k, which depreciates at a immutable d. Gross cannonade is used solely to amend environmental high, and y 5 f(k) so that output depends on environmental high and there are subordinate returns to environmental high. (a) Illustrebuke the overhead knowledge in a diagram. (b) What happens to coarse cannonade per individual? (c) Suppose the rebuke of environmental deterioration rises. What happens to the undeviating specify equalize of output per individual y? (d) Is it penny that if recycling were to reduce environmental deterioration, it would educate output per individual in the desire run?