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 and a machine hour costs $35. What is Trisha's cost of production as a function of dresses produced?
Since the production of a dress requires spending $60 for labor and $70 for machine hours, Trisha's cost function is: C(q) = 130q + 500.
Economics
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