The total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. To determine a formula for the total cost, we need to know the manufacturer's fixed costs (covering things such as plant maintenance and insurance), as well as the cost for each unit produced, which is called the variable cost. To find the total cost, we multiply the variable cost by the number of items produced during that period and then add the fixed costs. a. Use a formula to express the total cost C of this manufacturer in a month as a function of the number of widgets produced in a month. Be sure to state the units you use.
b. Express using functional notation the total cost if there are 250 widgets produced in a month, and then calculate that value.