Write a Cost Function for the Problem

question 17

Multiple Choice

Write a cost function for the problem. Assume that the relationship is linear.
-A cable TV company charges $21 for the basic service plus $7 for each movie channel. Let C(x) be the total cost in dollars of subscribing to cable TV, using x movie channels.

• A)C(x)= 7x + 21
• B)C(x)= 21x + 7
• C)C(x)= 21x - 7
• D)C(x)= 7x - 21

Develop skills in financial decision-making based on budget variance analysis.

Identify and calculate various expenses and income in both planning and flexible budgets.

Recognize the differences between planning and flexible budgets.

Determine the impact of activity levels on total fixed, variable, and total costs.

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Definitions:

Margaret Floy Washburn

An eminent early American psychologist known for her work in animal behavior and motor theory development.

William James

A pioneering American psychologist and philosopher recognized for his contributions to psychology and education.

Introspection

The examination of one's own thoughts and feelings.

Sensory Experiences

Interactions with the environment that involve the stimulation of the senses, contributing to perception and learning.