Suppose the Cobb-Douglas production function for an automobile manufacturer isf(x, y) = 100x^0.6 + y^0.4,where x is the number o

Question

4 years ago

5

Suppose the Cobb-Douglas production function for an automobile manufacturer isf(x, y) = 100x^0.6 + y^0.4,where x is the number o

f 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 175 and 250 and the number of units of capital y varies between 375 and 450. Round your answer to two decimal places, if necessary

Mathematics

1 answer:

Bingel [31] · Answer 1 · 2022-01-24T23:27:56+03:00

Bingel [31]4 years ago

3 0

Answer:

turn it into an equation

Step-by-step explanation: