# Contract 1: \$45 for the dayContract 2: \$25 for the day plus SO.30 per mile traveled• Contract 3: \$1.50 per mile traveledPlot separate graphs for each of the three contracts, with costs on the vertical axis and miles traveledon the horizontal axis.Express each contract as a linear cost function of the form y = a + bX.Identify each contract as a variable-, fixed-, or mixed-cost function.Required1.2.3.

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Identifying variable-, fixed-, and mixed-cost functions. The Sunrise Corporation operates car rental agencies at more than 20 airports. Customers can choose from one of three contracts for car rentals of one day or less:

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Step 1

1.

The costs for all the three contracts are calculated for the different miles travelled in the tables are given below:

Step 2

The plot for the contract 1:

The cost are shown in the vertical axis (Y-axis) and the miles travelled are shown on the horizontal axis (X-axis) and the  plot line show the  relationship between different cost and miles traveled of contract 1.

Step 3

The plot for the contract 2:

The cost are shown in the vertical axis (Y-axis) and the miles travelled are shown on the horizontal ax...

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