Suppose the economy's production function is Y = AK^0.3^N^0.7^.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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The Answer of Suppose the economy's production function is Y = AK^0.3^N^0.7^.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 = AK0

Suppose the Economy's Production Function Is Y = AK⁰