Write an expression for the firms total expenditure


Problem

A firm buys a raw material that costs £220 a tonne for the first 40 tonnes, £180 a tonne for the next 40 tonnes and £150 for any further quantities. Write an expression for the firm's total expenditure on this input in terms of the total amount used (which can be assumed to be greater than 80 tonnes), and simplify.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Write an expression for the firms total expenditure
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