Suppose the economy's production function is Y = A . If K = 2000,N = 100,and A = 1,then Y = 246.If K and N both rise by 20%,and A is unchanged,by how much does Y increase?

Question

Suppose the economy's production function is Y = A  .  If K = 2000,N = 100,and A = 1,then Y = 246.If K and N both rise by 20%,and A is unchanged,by how much does Y increase?

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The Answer of Suppose the economy's production function is Y = A  .  If K = 2000,N = 100,and A = 1,then Y = 246.If K and N both rise by 20%,and A is unchanged,by how much does Y increase?

Suppose the Economy's Production Function Is Y = a