A corporation produces mini-widgets. The variable expenses are $1.24 per mini-widget, and the fixed expenses are $142,900.

Question:

A produces mini-widgets. The variable expenses are $1.24 per mini-widget, and the fixed expenses are $142,900.
a. How much does it cost to produce 1 mini-widget?
b. How much does it cost to produce 20,000 mini-widgets?
c. Express the expense function algebraically.
d. What is the slope of the expense function?
e. If the slope is interpreted as a rate, give the units that would be used. Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...