Questions from Financial Algebra

Q: Nola’s car gets approximately 42 miles per gallon. She is planning

Nola’s car gets approximately 42 miles per gallon. She is planning to drive x miles to visit her friends. a. What expression represents the number of gallons of gas she should expect to buy? b. At a...

Q: A corporation produces mini-widgets. The variable expenses are $

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...

Q: The expense function for the Wonder Widget is Eq 4.14

The expense function for the Wonder Widget is Eq 4.14 55,789 51 . a. What is the fixed cost in the expense function? b. What is the cost of producing 500 Wonder Widgets? c. What is the average cost...

Q: A company produces a security device known as Toejack. Toejack is

A company produces a security device known as Toejack. Toejack is a computer chip that parents insert between the toes of a child, so parents can track the child’s location at any time using an online...

Q: The Royal Ranch Pool Supply Corporation manufactures chlorine test kits. The

The Royal Ranch Pool Supply Corporation manufactures chlorine test kits. The kits have an expense equation of E = 5.15q + 23,500. What is the average cost per kit of producing 3,000 test kits? Round t...

Q: The fixed costs of producing a Wild Widget are $34,

The fixed costs of producing a Wild Widget are $34,000. The variable costs are $5.00 per widget. What is the average cost per widget of producing 7,000 Wild Widgets? Round to the nearest cent.

Q: Wanda’s Widgets used market surveys and linear regression to develop a demand

Wanda’s Widgets used market surveys and linear regression to develop a demand function based on the wholesale price. The demand function is q = -140p + 9,000. The expense function is E = 2.00q + 16,00...

Q: Wind-Up Corporation manufactures widgets. The monthly expense equation is

Wind-Up Corporation manufactures widgets. The monthly expense equation is E = 3.20q + 56,000. They plan to sell the widgets to retailers at a wholesale price of $6.00 each. How many widgets must be so...

Q: The Lerneg Corporation computed its monthly expense equation as E = 11

The Lerneg Corporation computed its monthly expense equation as E = 11.00q + 76,000. Its products will be sold to retailers at a wholesale price of $20.00 each. How many items must be sold to reach th...

Q: Interpret the quote in the context of what you have learned about

Interpret the quote in the context of what you have learned about life insurance in this section.