What is chipotles short run total cost function

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Reference no: EM13741940

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?

Reference no: EM13741940

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