Suppose the Economy's Production Function Is Y = AK⁰

question 22

Multiple Choice

Suppose the economy's production function is Y = AK^0.3N^0.7. 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

---

Definitions:

Lithium

A chemical element, used especially in batteries and psychiatric medication for its mood-stabilizing properties.

Electroconvulsive Therapy (ECT)

A biomedical treatment in which electric shock is used to produce a cortical seizure accompanied by convulsions.

Cortical Seizure

A seizure that originates in the cerebral cortex of the brain, affecting thoughts, behaviors, and movements.

Antipsychotic Drugs

Drugs used to gradually reduce psychotic symptoms, including hyperactivity, mental confusion, hallucinations, and delusions.