Draw a phase diagram and solve ý = ry(1 – ky)

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A: Given, Cov (X2, X3) = 0.0937= E(X2, X3) - E(X2) E(X3) 0.0937 = E(X2 X3) - 0.1*0.1 Therefore , E(X2…

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Q: find the partial derivative with respect to L and k  of  y = f(K, L) = A (α ln K + (1 − α) lnL))

A: The function to be considered is:

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