Gail works in a flower shop, where she produces 10 floral arrangements per hour. She is paid $8 an hour for the first eight hours she works and $16 an hour for each additional hour she works. What is the firm's cost function?

Question

Business

Lamar Nolan

24 June, 19:28

Gail works in a flower shop, where she produces 10 floral arrangements per hour. She is paid $8 an hour for the first eight hours she works and $16 an hour for each additional hour she works. What is the firm's cost function?

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Answers (1)

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Yamilet Green · Answer 1

Y = 16x - 64

Explanation:

The cost function would be derived as follows

let Y represent the total cost and X the total number of hours

Y = 8 (8) + 16 (x-8)

Y = 64 + 16x - 128

Y = - 64 + 16x

Y = 16x - 64

The firm's cost function:

Y = 16x - 64