Solve the Problem. -The Cost for Labor Associated with Fixing a Washing Machine

question 179

Short Answer

Solve the problem.
-The cost for labor associated with fixing a washing machine is computed as follows: There is a fixed charge of $35 for the repairman to come to the house, to which a charge of $22 per hour is added. Find an equation that can be used to determine the labor cost, C(x), of a repair that takes x hours.
A) C(x) = (35 + 22) x
B) C(x) = 35 - 22x
C) C(x) = 22 + 35x
D) C(x) = 35 + 22x

• A) C(x) = (35 + 22) x
• B) C(x) = 35 - 22x
• C) C(x) = 22 + 35x
• D) C(x) = 35 + 22x

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Definitions:

Public Goods

Public goods are commodities or services that are provided without profit to all members of a society, either by the government or a private individual or organization.

Nonexclusive Good

Good that people cannot be excluded from consuming, so that it is difficult or impossible to charge for its use.

Exclusive Good

A product or service that is only available to a specific group of consumers or requires special access, often characterized by high quality and price.

Negative Externality

A cost that affects a party who did not choose to incur that cost, often associated with environmental pollution.