An equation that can be used to determine the total cost, C(t), of the phone plan for t months is C(t) =. (Use integers or decimals for any numbers in the expression.) The cost for 22 months, assuming that the number of minutes the person uses does not exceed 2000 per month, is $

An equation that can be used to determine the total cost, C(t), of the phone plan for t months is C(t) =. (Use integers or decimals for any numbers in the expression.) The cost for 22 months, assuming that the number of minutes the person uses does not exceed 2000 per month, is $

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter8: Cost Analysis

Section: Chapter Questions

Problem 9E

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Question

A person buys a phone for $84 and signs up for a single-line phone plan with 2000 monthly anytime minutes. The plan costs $118.92 per month. Write an equation
that can be used to determine the total cost, C(t), of this phone plan for t months. Then, find the cost for 22 months, assuming that the number of minutes the person
uses does not exceed 2000 per month.
An equation that can be used to determine the total cost, C(t), of the phone plan for t months is C(t) =
(Use integers or decimals for any numbers in the expression.)
The cost for 22 months, assuming that the number of minutes the person uses does not exceed 2000 per month, is $

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Total cost is the sum of fixed and variable cost.

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