Problem 6 Show graphically how the billing plan represented by the following equation B = 4 + 0.20*T would change if the monthly fixed fee were reduced from $4 to $2.
Added by David M.
Close
Step 1
20*T. This equation represents a linear function with a y-intercept of 4 and a slope of 0.20. Show more…
Show all steps
Your feedback will help us improve your experience
Yujie Wang and 101 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
Explain how the location of each curve graphed in question 3b would be altered if (1) total fixed cost had been $100 rather than $60 and (2) total variable cost had been $10 less at each level of output.
Yujie W.
The graph and the table show the monthly costs for two video-streaming service plans. Describe how the cost is related to the amount of data used (below). Plan A Plan B Amount of Data Used (gigabytes) Monthly Cost (dollars)
Julie S.
Data Plan cost The monthly cost $C$, in dollars, for wireless data plans with $x$ gigabytes of data included is shown in the table below. since each input value for $x$ corresponds to exactly one output value for $C,$ the plan cost is a function of the number of data gigabytes. Thus $C(x)$ represents the monthly cost for a wireless data plan with $x$ gigabytes included. $$ \begin{array}{|rc|cc|} \hline \text { GB } & \text { cost (\$) } & \text { GB } & \text { cost (\$) } \\ 4 & 70 & 20 & 150 \\ 6 & 80 & 30 & 225 \\ 10 & 100 & 40 & 300 \\ 15 & 130 & 50 & 375 \\ \hline \end{array} $$ (a) Plot the points $(4,70),(6,80),(10,100),$ and so on in a Cartesian plane. (b) Draw a line segment from the point (10,100) to $(30,225) .$ What does the slope of this line segment represent? (c) Find the average rate of change of the monthly cost from 4 to 10 gigabytes. (d) Find the average rate of change of the monthly cost from 10 to 30 gigabytes. (e) Find the average rate of change of the monthly cost from 30 to 50 gigabytes. (f) What is happening to the average rate of change as the gigabytes of data increase?
Eric C.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
100,000+
Students learning Economics with Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD