Why For a sine wave, PEP equals the RMS voltage squared divided by the load resistance. Half of 500 V peak-to-peak is 250 V peak, and RMS is peak divided by the square root of 2, about 176.8 V. Then 176.8 squared divided by 50 ohms gives 625 watts. The one-step shortcut is P = Vpp squared divided by 8R: 250,000 / (8 x 50) = 625 W.
Watch out The choice that says 2500 watts comes from plugging the full peak-to-peak voltage into P = V squared / (2R) as if it were peak, skipping the conversion to RMS; 5000 watts treats 500 V p-p as if it were RMS.
PEP = Vpp squared / 8R. Divide peak-to-peak by 2 for peak, by 2.828 for RMS.