Suppose the Economy's Production Function Is Y = a

question 35

Multiple Choice

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%

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Definitions:

Inventory Questions

Inquiries designed to assess and manage the levels, types, and conditions of items in stock or in a collection.

Communal Sharing

A relationship or interaction model based on shared resources and collective benefit.

Collective Identity

A shared sense of belonging to a group, characterized by common interests, experiences, or values.

Unity

The state of being united or joined as a whole, especially among members of a group with common interests.