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

Multiple Choice

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