Business Finance Homework Help

This is a little reminder/explanation of your Excel homework.

We want you to redo the attached table but instead of using

F(K, L)=AK^(1/2)L^(1/2)

we want you to use the capital and labor share of the US, that is F(K, L)=AK^(1/3)L^(2/3),respectively. Make sure you use the same other parameters as in the lecture: s=0.3 ,d=1 ,k_0=4.

Tip: The highlighted value (k_0=4) is the only value in the table you should enter manually when working on your table, everything else SHOULD COME OUT OF A SIMPLE FORMULA (Do not insert numbers, do it with formula)

The attached file will be the table for the work.