Question

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

Answer 1

Trisha's cost of production as a function of dresses produced is $630

Step-by-step explanation:

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

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

= $630

Answer 2

C(q) = 130q + 500

Step-by-step 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