Mr. X and Mr. Y rent their ice out to the community whenever possible. Mr. X charges a flat rate of $20.00 plus $15.00
Mr. X and Mr. Y rent their ice out to the community whenever possible. Mr. X charges a flat rate of $20.00 plus $15.00 for every hour rented. Mr. Y charges $50.00 for a flat rate but only asks for $10.00 for every hour rented. (i) (ii) (iii) Write an equation to model the cost of renting the ice surface for each arena? Determine the intersection point of the equations. What does this intersection point represent? Explain when it is best to use Mr. X's service and when it is best to use Mr. Y's service.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
i Lets denote the number of hours rented as hh The cost for Mr Xs service CXCX can be mo...See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
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