CLASSWORK Becker16 17 18 19 20
CLASSWORK 1.Miles per dayCar Rental Cost 045 1045 2045 3045 4045 5045 6045 7045 8045 9045 10045 11045 12045 13045 14045 15045 Miles per dayCar Rental Cost 025 1028 2031 3034 4037 5040 6043 7046 8049 9052 10055 11058 12061 13064 14067 15070 Miles per dayCar Rental Cost 00 10152030 3045 4060 Miles per day1030507090 0 20 40 60 Car Rental Cost Car Rental Cost Miles per day1030507090 0 20 40 60 80 Car Rental Cost Car Rental Cost 200220 240 Car Rental Cost
5075 6090 70105 80120 90135 100150 110165 120180 130195 140210 150225Miles per day1030507090 0 20 40 60 80 100 120 140 160 180 Car Rental Cost
23ContractCost Function 1Fixed 2 Mixed 3 Variable Contract 1: y= $45 Contract 2: y= $25 + $0.30X Contract 3: y= $1.50X where Xis the number of miles traveled in the day. 110130 110130
110130
CLASSWORK 1 K 2 B 3 G 4 JNote that A is incorrect because, although the cost per pound eventually equals a consta 5 IThe total costs will be the same regardless of the volume level. 6 L 7 FThis is a classic step-cost function.
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