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8. Labor costs: A lettuce producer is comparing two dierent methods to pay harvest workers, described...

8. Labor costs: A lettuce producer is comparing two dierent methods to pay harvest workers, described below. Write a function to describe how much it would cost to harvest lettuce per day for each option. (a) Pay individuals $50 per day to harvest lettuce (b) Pay individuals $2 per box to harvest lettuce

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Answer #1

The total cost of harvasting is cost of inputs put together in terms of either input employed or output harvested. Let the number of person harvasting is given by L and the output they harvest is Q boxes per day. Therefore, the total cost functions in terms of Q or Lis

  1. TC=50L
  2. TC=2Q

The production function will establish a clear understanding of the relations between Q and L, so that both cost functions can interchangeably used in terms of either Q or L

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