A Petroleum Company Has a Cobb-Douglas Production Function $f ( x , y ) = 70 x ^ { 2 / 5 } y ^ { 3 / 5 }$

question 70

Multiple Choice

A petroleum company has a Cobb-Douglas production function $f ( x , y ) = 70 x ^ { 2 / 5 } y ^ { 3 / 5 }$ where x is the utilization of labor and y is the utilization of capital. Determine the number of units of petroleum produced when 1200 units of labor and 2100 units of capital are used.

• A) 175,174 units
• B) 150,000 units
• C) 105,074 units
• D) 117,517 units

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