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The Pacific Corporation operates car rental agencies at more than 20 airports. Customers can choose from one of three contracts for car rentals of
The Pacific 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: (Click the icon to view the contract information.) Read the requirements. More info Requirement 1. 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. (Use the line tool button displayed below to draw the graph.) Contract 1 Contract 1: $55 for the day Contract 2: $35 for the day plus $0.20 per mile traveled Contract 3: $1.20 per mile traveled 50 100 150 Miles Traveled per Day Requirements Click to enlarge graph 1. 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. Print Done Print Done
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