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31 January, 06:51

Trisha believes the production of a dress requires 4 labor hours and 2 machine hours to produce. If Trisha decides to operate in the short run, she must spend $500 to lease her business space. Also, a labor hour costs $15 (w) and a machine hour costs $35 (r). What is Trisha's cost of production as a function of dresses produced

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Answers (2)
  1. 31 January, 07:18
    0
    Trisha's cost of production as a function of dresses produced is $630

    Explanation:

    Total cost = Leasing space cost + labor cost + machine cost

    = $500 + 4 * $15 + 2 * $35

    = $630
  2. 31 January, 09:47
    0
    C (q) = 130q + 500

    Explanation:

    Production of a dress requires spending $60 for labor

    Add machine hours 70

    Total 130

    Therefore

    Trisha's cost function is:

    C (q) = 130q + 500.

    Therefore Trisha's cost of production as a function of dresses produced is C (q) = 130q + 500
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Home » Business » Trisha believes the production of a dress requires 4 labor hours and 2 machine hours to produce. If Trisha decides to operate in the short run, she must spend $500 to lease her business space.
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