Suppose the Cobb-Douglas production function for an automobile manufacturer is where x is the number of units of labor and y is the number of units of capital. Estimate the average production level if the number of units of labor x varies between 200 and 275 and the number of units of capital y varies between 300 and 375. Round your answer to two decimal places.
A) 254,738.30
B) 17,280.05
C) 61,137.19
D) 27,293.39
E) 8,086.93

Question

Suppose the Cobb-Douglas production function for an automobile manufacturer is  where x is the number of units of labor and y is the number of units of capital. Estimate the average production level if the number of units of labor x varies between 200 and 275 and the number of units of capital y varies between 300 and 375. Round your answer to two decimal places. ​
A) 254,738.30 
B) 17,280.05 
C) 61,137.19 
D) 27,293.39 
E) 8,086.93

Quizplus · Accepted Answer

The Answer of Suppose the Cobb-Douglas production function for an automobile manufacturer is  where x is the number of units of labor and y is the number of units of capital. Estimate the average production level if the number of units of labor x varies between 200 and 275 and the number of units of capital y varies between 300 and 375. Round your answer to two decimal places. ​
A) 254,738.30 
B) 17,280.05 
C) 61,137.19 
D) 27,293.39 
E) 8,086.93

Suppose the Cobb-Douglas Production Function for an Automobile Manufacturer Is