Answered

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A company makes flower pots. The flower pots have an expense equation of E = 2.75q + $24,582. What is

the fixed cost in the expense function

Sagot :

Fichohidn

Answer:

$24,582

Step-by-step explanation:

E = 2.75q + $24,582

The expense equation above has the general relation :

Expense = [(variable cost * number of units) + fixed cost]

The fixed cost incurred is not dependent on the number of units purchased or produced and as such is usually regarded as a constant in the formula.

Thus, the fixed cost in the expense equation is thus : $24,582

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