Question
Hello I was wondering if anyone can help with the problem below. I am unsure on how to set up the functions. The Green family
Hello I was wondering if anyone can help with the problem below. I am unsure on how to set up the functions.
The Green family is planning a one-week vacation in Florida and needs to rent a car while there. They researched and found the following options.
*Weekly Rate 1 $329 per week, unlimited mileage.
*Weekly Rate 2 $219 per week, plus 12 cents per mile.
*Partial week charged at a full week's price.
**Daily Rate 1 $50 per day, unlimited mileage.
**Daily Rate 2 $40 per day plus 3 cents per mile.
**Partial days charged at a full day's price.
The Greens don't know exactly how far they will drive but estimate that it will be between 500 and 1000 miles. They must decide which plan to choose.
Write theTotal Week's Rental Car Costas a function of theNumber of Miles Drivenfor each of the options.
Write a paragraph based on the best economics, explain under what conditions the Green Family should choose each option.
Extension1-The Greens know that they will drive approximately 900 miles, but they don't know exactly how long they will be in Florida, only that it will be sometime between 3-8 days. Given these new circumstances, explain under what conditions they should choose each option.
Extension2-The Greens don't know exactly how long they will be in Florida, only that it will be sometime between 3-8 days. They also don't know exactly how far they will drive, only somewhere between 500-1000 miles. Given these new circumstances, explain under what conditions they should choose each option.
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