Question
The Great Lakes Corporation operates car rental agencies at more than 20 airports. Customers can choose from one of three contracts for car rentals of
The Great Lakes Corporation operates car rental agencies at more than 20 airports. Customers can choose from one of three contracts for car rentals of 1 day or less:
Contract 1: $65 for the day
Contract 2: $45 for the day plus $0.20 per mile traveled
Contract 3: $1.40 per mile traveled
Plot separate graphs for each of the three contracts, with costs on the vertical axis and miles traveled on the horizontal axis. | |
2. | Express each contract as a linear cost function of the form y=a+bX. |
3. | Identify each contract as a variable-, fixed-, or mixed-cost function. |
Plot separate graphs for each of the three contracts, with costs on the vertical axis and miles traveled on the horizontal axis.
First let's draw the graph for contract 1.
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