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

Question

Business

Brett Nicholson

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)

Know the Answer?

Antony Harding · Answer 1

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

Preston House · Answer 2

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