
Marlon G. answered 12/19/17
Tutor
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(14)
Economist, experienced teacher and writer
You could say the 8 equals fixed costs of a project, while the 4x is the variable costs, with 4 representing the hourly rate (pretty inexpensive world; can you change the scale of the problem by adding 0s to the 4, 8 and the 15?). You are hiring two people for your project and will pay them equally. You don't want the cost to exceed 30 (or 15 per person). So you multiply by 1/2 to do that. X is the hourly rate you can pay and stay under your budget.