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Question
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 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
Answer
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