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-When Making a Telephone Call Using a Calling $1.15\$ 1.15

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-When making a telephone call using a calling card, a call lasting 3 minutes costs $1.15\$ 1.15 . A call lasting 13 minutes costs $3.65\$ 3.65 . Let yy be the cost of making a call lasting xx minutes using a calling card. Write a linear equation that models the cost of making a call lasting xx minutes.


Definitions:

Payoffs

Payoffs refer to the outcomes or potential returns from making a particular decision or investment in various contexts, including economics, game theory, and finance.

Annual Profits

The total income a company generates in one fiscal year after all expenses and taxes have been subtracted from its total revenue.

Good Quality Product

A product characterized by excellence in materials, craftsmanship, performance, and durability, meeting or exceeding consumer expectations.

Duopoly Market

A market structure where two companies own all or nearly all of the market for a given product or service.

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