The Cobb-Douglas production function for a bicycle company is given by f(x.y) = 21x°*y0, where x is the utilization of labor and y is the utilization of capital. If the company uses 1,053 units of labor and 1,664 units of capital, how many bicycles will be produced? The company will produce bicycles. (Round to the nearest integer as needed.)

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ISBN:9781337282291
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Chapter5: Exponential And Logarithmic Functions
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The Cobb-Douglas production function for a bicycle company is given by f(x.y) = 21x°*y°.°, where x is the utilization of labor and y is the utilization of capital. If the company uses 1,053 units of labor and 1,664 units of capital, how many bicycles will be produced?
The company will produce bicycles.
(Round to the nearest integer as needed.)
Transcribed Image Text:The Cobb-Douglas production function for a bicycle company is given by f(x.y) = 21x°*y°.°, where x is the utilization of labor and y is the utilization of capital. If the company uses 1,053 units of labor and 1,664 units of capital, how many bicycles will be produced? The company will produce bicycles. (Round to the nearest integer as needed.)
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