Question: A production function is given by P(x, y) = 400x 0.3 y 0.7 , where x is the number of units of labor and y

A production function is given by P(x, y) = 400x^0.3y^0.7, where x is the number of units of labor and y is the number of units of capital. Find the average production level if x varies from 40 to 50 units of labor and y varies from 20 to 40 units of capital.

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