Assume a Production Function Is Given By $Y = \bar { A } K _ { t } ^ { 1 / 3 } \bar { L } ^ { 2 / 3 }$

Multiple Choice

Assume a production function is given by $Y = \bar { A } K _ { t } ^ { 1 / 3 } \bar { L } ^ { 2 / 3 }$ . If $\bar { A } = 2$
And $\bar { L } = 1$
, the depreciation rate is $\bar { d } = 0.05$
, and the saving rate is $\bar { s } = 0.1$
, the steady-state level of capital is about:

A) 0.1
B) 2.5
C) 1.6
D) 8.0
E) 0.6