Calculus with Applications (10th Edition)

Published by Pearson
ISBN 10: 0321749006
ISBN 13: 978-0-32174-900-0

Chapter 1 - Linear Functions - 1.2 Linear Functions and Applications - 1.2 Exercises - Page 23: 21



Work Step by Step

In a cost function of the form $C(x)=mx+b$, m represents the marginal cost and b represents the fixed cost. Here, b= $\$ 2$ (fixed cost) and m= $\$ 0.75$ (the cost of parking a car for one half-hour). Let $x=$ the number of half-hours; $C(x)=$ the cost of parking a car for $x$ half-hours. $C(x)=0.75x+2$
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