# A corporation produces mini-widgets. The variable expenses are $1.24 per mini-widget, and the fixed expenses are $142,900. a. What is the total cost to produce one mini-widget? b. What is the total 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

Chapter 9, Application 9.4 #3

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

a. What is the total cost to produce one mini-widget?

b. What is the total 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.

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**Related Book For**

## Financial Algebra Advanced Algebra With Financial Applications

2nd Edition

**Authors:** Robert Gerver, Richard J. Sgroi

**ISBN:** 9781337271790