The Next Questions Refer to the Following

Multiple Choice

The next questions refer to the following.
Suppose the economy has TFP = 10, there are 400 hours worked, and 60 unit of capital and 210 units of land the Cobb-Douglas production function is:
Output = TFP x Hours^0.3 x Capital^0.3 x Land^0.2.
-Imagine that for this economy TFP=10 hours = 400,and land =210.If the rate of depreciation is 5% and investment is 20% of output,what is the steady state level of output?

A) 500
B) 1000
C) 3000
D) 7000
E) 15000