The Monthly Cost of Driving a Car Depends on the Number

question 43

Multiple Choice

The monthly cost of driving a car depends on the number of miles driven. Julia found that in October it cost her to drive mi and in July it cost her to drive mi. Express the monthly cost C as a function of the distance driven d assuming that a linear relationship gives a suitable model.

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Definitions:

Fair Value

The estimated market price of an asset or liability, reflecting the amount for which it could be exchanged in an arm's length transaction.

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets, representing the premium paid for the company's reputation, customer base, or brand identity.

Separate Incorporation

A legal entity distinct from its shareholders or owners, recognized as such by law and capable of rights, privileges, and liabilities.