Solve the Problem. -The Linear Equation in Two Variables Y = 0.10x

question 67

Multiple Choice

Solve the problem.
-The linear equation in two variables y = 0.10x + 200 models the total weekly cost, y, in dollars, for renting a car and driving it x miles. The equation indicates that the rental company charges a fixed amount of $200 for the
Week plus a cost of $0.10 for each mile the car is driven. Find a solution of y = 0.10x + 200 using 220 for x.

• A) (220, 2200)
• B) (220, 222)
• C) (220, 197)
• D) (220, 182)

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Definitions:

Capital

Those goods produced by the economic system that are used as inputs to produce other goods and services in the future.

Labor

The effort that people contribute to the production of goods and services in an economy, typically measured in terms of hours worked.

Production Function

A mathematical equation that describes the maximum amount of output that can be produced from a given set of inputs.

Labor Input

This denotes the amount of work effort, measured in hours or the number of employees, used in the production of goods and services.