Answer:
[tex]C(x) = 118 + 11 x[/tex] -- Acme
[tex]C(x) = 128 + 9 x[/tex] --- Bell
Step-by-step explanation:
Given
Acme:
[tex]Daily = 118[/tex]
[tex]Hourly = 11[/tex]
Bell:
[tex]Daily = 128[/tex]
[tex]Hourly = 9[/tex]
Required
Determine the cost function for both
The cost function can be determined using the following illustrations:
Daily Rate + Hourly Rate * Number of Hours
Represent the number of hours with x
So, we have:
For Acme:
[tex]C(x) = 118 + 11 * x[/tex]
[tex]C(x) = 118 + 11 x[/tex]
For Bell:
[tex]C(x) = 128 + 9 * x[/tex]
[tex]C(x) = 128 + 9 x[/tex]