What is their short run optimal input combination

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Reference no: EM13840158

Suppose production function for noodle soup at Slurping Turtle 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 Slurping Turtle wants to produce 48 noodle soups. What is their short run optimal input combination?

(b) What is Slurping Turtle’s short run total cost function?

Reference no: EM13840158

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