My Notes o Ask Your Teacher 4, -2 points SApCalcBr1 14.049 The Cobb-Douglas prod

Question

My Notes o Ask Your Teacher 4, -2 points SApCalcBr1 14.049 The Cobb-Douglas production function given in this example, which corresponds to the year 1920, is approximately /4 P(x) 52.5x. where x measures the amount of capital invested as detailed in the example. The level of capital for 1920 was estimated to be 404. If this level were 40% higher that year, what would have been the effect on production? (Round your answer to three decimal places.) The production would be about times Sele Need Help Read t Talk to a Tutor

Explanation / Answer

1)

F(s) is the mileage of the car miles/gal

s is the speed of the car miles/hour

Here F(68)=24.4
that means

mileage 24.4 miles/gal

car speed 68 miles/hpur

answer is option 4

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