Question: A production function is given by P(x, y) = 500x 0.2 y 0.8 , where x is the number of units of labor and y

A production function is given by P(x, y) = 500x^0.2y^0.8, 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 10 to 50 and y from 20 to 40.

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