Determine the expense E for production of an item when the price of $74.99 has been established.Fixed expenses are $59,000 and each unit produced costs $42.00 to make.The demand function has been determined to be q = 67p + 74,000.

Expense E

This is not a standard financial term and more context is needed for a specific definition. NO.

Fixed Expenses

Costs that do not change in amount and are required to be paid on a regular basis, such as rent, insurance premiums, and loan payments.

Demand Function

A mathematical representation of the relationship between the quantity demanded of a good and its price, along with other factors.