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Suppose the Economy's Production Function Is Y = a

Question 35

Multiple Choice

Suppose the economy's production function is Y = A Suppose the economy's production function is Y = A If K = 2000,N = 100,and A = 1,then Y = 246.If K rises by 10%,and A and N are unchanged,by how much does Y increase? A) 30% B) 10% C) 6% D) 3% Suppose the economy's production function is Y = A If K = 2000,N = 100,and A = 1,then Y = 246.If K rises by 10%,and A and N are unchanged,by how much does Y increase? A) 30% B) 10% C) 6% D) 3% If K = 2000,N = 100,and A = 1,then Y = 246.If K rises by 10%,and A and N are unchanged,by how much does Y increase?


A) 30%
B) 10%
C) 6%
D) 3%

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