Suppose production function for burritos at chipotle is q, Ask an Expert

Economics

Suppose production function for burritos at Chipotle is Q =4k^1/2 L^1/2.They currently own 4 units of capital and are not able to change this during the short run. The rental rate of capital is $10 and the wage rate is $20

(a) Suppose Chipotle wants to produce 48 burritos. What is their short run optimal input combination?

(b) What is Chipotle's short run total cost function?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91238362

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