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Andy needs to hire workers and use ovens to cook and serve pizzas. The number of ovens Dan owns is fixed to be 4. The short-run production function is F(L)=40L^1/2 where L is the total number of hours of labor input per day. Suppose the cost of labor is $10 per hour and the cost of each oven is $40 per day.
(a) What is the total number of hours of labor needed to produce Q pizzas?
(b) What is the fixed cost of cooking and serving Q pizzas?
(c) What is the variable cost of cooking and serving Q pizzas?
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