Jeff prepares meals in the home of his customers. His fixed cost for transportation and supplies is $14.50. The labor and groceries needed for each family meal is $8.80, so the expense function is E=5.7q+8.8. T or F
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Answer:
The expense function is:E ( q ) = m q + b,where b stays for Fixed costs.In this case:m = 8.8 ( the labor and groceries for each family meal ) and b = 14.5So E = 8.8 q + 14.5,Β not E = 5.7 q + 8.8Answer: False
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