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
