3) Rank the impact of technological change in the following three production functions. Explain your reasoning. (8 points) 1. Y = AK0.4 0.6 II. Y = (AK)0.3 NO.7 Y = KO.25 (AN) 0.75 For each production function, what happens to the unit-value isoquant and the capital - labor ratio should there be a one-time increase in technology? (8 points)