Question: Suppose the Cobb-Douglas production function for a company is given by P : 50WO'TDCD'4O, where P is production in tons, W is the number of

Suppose the Cobb-Douglas production function for a company is given by

Suppose the Cobb-Douglas production function for a company is given by P : 50WO'TDCD'4O, where P is production in tons, W is the number of workers, and C is the capital investment, in thousands of dollars. a) How many tons are produced if the company has an initial investment of $25000 and the company employs 17 workers? Round to the nearest ton. tons b) Find the value of PC if the company has a capital investment of $25000 and the company employs 15 workers. Round to one decimal place. c) What are the units of Pg? 0

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