Solve the Problem. -The Linear Equation in Two Variables Y = 3x

question 41

Multiple Choice

Solve the problem.
-The linear equation in two variables y = 3x + 80 models the total cost, y, in dollars, for towing a car x miles. The equation indicates that the towing company charges a fixed amount of $80 to send a truck to pick up the car
Plus a cost of $3 for each mile the car is towed. Find a solution of y = 3x + 80 using 13 for x.

• A) (13, 83)
• B) (13, 39)
• C) (13, 119)
• D) (13, 109)

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Definitions:

Costs of Capital

The cost of funds used for financing a business, often considered in terms of the weighted average cost of capital.

Required Rates of Return

The minimum returns investors expect from their investment, influencing their decision whether to invest.

Stocks or Bonds

Financial instruments that represent equity ownership in a company (stocks) or a fixed income security issued by corporations or governments (bonds).

Flotation Cost

The costs incurred by a company in issuing new securities, including underwriting fees, legal fees, and registration fees.