Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Question 1 (25 marks) Suppose you are a Business Analyst of a telephone company. The phone company has two plans to offer to its customers

Question 1 (25 marks) Suppose you are a Business Analyst of a telephone company. The phone company has two plans to offer to its customers as follows: Plan A: Phone Bill = 30 + 0.4 T and Plan B: Phone Bill = 60 + 0.2 T Where T = time of calls in minutes

(a) Draw the graphs for the two plans in a single plane. (5 marks)

(b) Calculate how many minutes make the two plans cost the same? (8 marks)

(c) Calculate the phone bill for the call time calculated in (b) above. (4 marks)

(d) If a customers average call time is 250 minutes, which plan would you suggest to this customer? Explain why? (8 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions