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

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Definitions:

Annual Budget

A financial document forecasted for a year that outlines expected income and expenditure for an organization or government.

Government Funds

Financial resources allocated by the government for specific purposes, often aimed at public projects or to aid sectors of the economy.

Subsidiaries

Companies that are completely or partly owned and partly or wholly controlled by another company, known as the parent company.

Demand-Pull Inflation

occurs when prices rise because the demand for goods and services exceeds supply.