A Local Newspaper Charges $18 for the First Three Lines

question 1

Essay

A local newspaper charges $18 for the first three lines of a want ad,and then $6.50 for each additional line.Express the cost of an x-line ad,c(x),as a piecewise function.

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Definitions:

Unsecured Creditor

A creditor who lends money without obtaining specified assets as collateral, thus facing higher risk in case of borrower's bankruptcy.

Family Home

A primary residence where a family lives and conducts their daily activities.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure repayment of a loan.

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay according to the agreed terms.