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13 September, 15:49

Suppose the Cobb-Douglas production function for an automobile manufacturer isf (x, y) = 100x^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 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

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  1. 13 September, 18:42
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    turn it into an equation
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