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Question 5 - A Little Slide of Heaven (40 Points) You run the best pizza joint in town: A Little Slice of Heaven. You have
Question 5 - A Little Slide of Heaven (40 Points) You run the best pizza joint in town: A Little Slice of Heaven. You have a constant stream of customers and are busy all the time. The production function for a large pizza (you only sell one size), is: Q(KL) = 25VKL Currently, you are paying your workers $25 per hour and rent your capital at $10 per hour. Every hour you are open, you are so busy you produce 750 large pizzas. A. (30 points) Find your cost-minimizing quantity of labour and capital. Circle your answers
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