A company has a Cobb-Douglas production function $f(x, y)=20 x ^{0.33} y^{0.67}$ where x is the utilization of labor and y is the utilization of capital. Determine the number of units of product produced when 1728 units of labor and 27,000 units of capital are used.
A) 29,292 units
B) 46,605 units
C) 217,988 units
D) 85,612 units

Question

A company has a Cobb-Douglas production function $f(x, y)=20 x ^{0.33} y^{0.67}$  where x is the utilization of labor and y is the utilization of capital. Determine the number of units of product produced when 1728 units of labor and 27,000 units of capital are used.
A) 29,292 units
B) 46,605 units
C) 217,988 units
D) 85,612 units

Quizplus · Accepted Answer

The Answer of A company has a Cobb-Douglas production function $f(x, y)=20 x ^{0.33} y^{0.67}$  where x is the utilization of labor and y is the utilization of capital. Determine the number of units of product produced when 1728 units of labor and 27,000 units of capital are used.
A) 29,292 units
B) 46,605 units
C) 217,988 units
D) 85,612 units

A Company Has a Cobb-Douglas Production Function f(x,y)=20x0.33y0.67f(x, y)=20 x ^{0.33} y^{0.67}f(x,y)=20x0.33y0.67

A Company Has a Cobb-Douglas Production Function $f(x, y)=20 x ^{0.33} y^{0.67}$