Multiple Choice
Suppose the economy's production function is Y = AK⁰.³ᴺ⁰.⁷.If K = 1000 and N = 50,then
Y = 2000.What is Y if K = 2000 and N = 100?
A) 4000
B) 3500
C) 3400
D) 3000
Correct Answer:
Verified
Correct Answer:
Verified
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