corporation produces mini-widgets. The variable expenses are $1.24 per mini-widget, and the fixed expenses are $142,
What is the total cost to produce 1 mini-widget?
What is the total cost to produce 20,000 mini-widgets?
. Express the expense function algebraically.
. What is the slope of the expense function?
e. If the slope is interpreted as a rate, give the units that would be used.