Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A phone company charges for service according to the formula: C(n) =65 + 0.25n, where n is the number of minutes talked, and C(n) is
A phone company charges for service according to the formula: C(n) =65 + 0.25n, where n is the number of minutes talked, and C(n) is the monthly charge, in dollars.
- What is the fixed charge, even if you do not talk on your phone?
- How much are you charged for each minute of talk time (Rate of Change in total charges)?
- If there is an alternative plan that charges C(n) = 75 + .05 , which plan would you accept if you talk at least 400 minutes per month?
- How many minutes of talk time will make you indifferent between the two plans?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started