of long-distance calls to New York, the rental fee, and $3 for each airtime minute, was $160. (a) Find a formula for the total cost C (in dollars) of a rental phone that includes m min of long-distance calls to New York. C(m) = (b) What is the weekly rental fee for the phone? $

of long-distance calls to New York, the rental fee, and $3 for each airtime minute, was $160. (a) Find a formula for the total cost C (in dollars) of a rental phone that includes m min of long-distance calls to New York. C(m) = (b) What is the weekly rental fee for the phone? $

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter3: Benefits, Costs, And Decisions

Section: Chapter Questions

Problem 7MC

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Question

Did you know that you could rent cell phones for your overseas travel? If you are in Paris, the cost for a 1-week rental, including 30 min
of long-distance calls to New York, the rental fee, and $3 for each airtime minute, was $160.
(a) Find a formula for the total cost C (in dollars) of a rental phone that includes m min of long-distance calls to New York.
C(m) =
(b) What is the weekly rental fee for the phone?
$

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