6. Zenande believes the production of a dress requires 10 labour hours and 5 machine hours to produce. If she decides to operate in the short run, she must spend R5000 to lease her business space. It has also been determined that a labour hour costs R500 and a machine hour costs R1000. Which of the following is Zenande's cost of production as a function of dresses produced? a) C(q) = 10000+ 5000q. b) C(q) = 5000+ 5000q. c) C(q) = 5000+ 10000q. C(q) = 5000+ 1500q. d)

6. Zenande believes the production of a dress requires 10 labour hours and 5 machine hours to produce. If she decides to operate in the short run, she must spend R5000 to lease her business space. It has also been determined that a labour hour costs R500 and a machine hour costs R1000. Which of the following is Zenande's cost of production as a function of dresses produced? a) C(q) = 10000+ 5000q. b) C(q) = 5000+ 5000q. c) C(q) = 5000+ 10000q. C(q) = 5000+ 1500q. d)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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EX 21
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