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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

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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