The Cobb-Douglas production function for an automobile manufacturer is $f ( x , y ) = 100 x ^ { 0.6 } y ^ { 0.4 }$ 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 250 and 300 and the number of units of capital y varies between 250 and 300.
A)20.99
B)21.10
C)10.99
D)31.44
E)31.24

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The Answer of The Cobb-Douglas production function for an automobile manufacturer is $f ( x , y ) = 100 x ^ { 0.6 } y ^ { 0.4 }$ 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 250 and 300 and the number of units of capital y varies between 250 and 300.
A)20.99
B)21.10
C)10.99
D)31.44
E)31.24

The Cobb-Douglas Production Function for an Automobile Manufacturer Is f(x,y)=100x0.6y0.4f ( x , y ) = 100 x ^ { 0.6 } y ^ { 0.4 }f(x,y)=100x0.6y0.4

The Cobb-Douglas Production Function for an Automobile Manufacturer Is $f ( x , y ) = 100 x ^ { 0.6 } y ^ { 0.4 }$