Raymond B. answered 09/30/22
Math, microeconomics or criminal justice
3(50) + .15M = 3(65)
3(65-50) = .15M
3(15) =.15M
M = 45/.15 = 300 Miles makes the cost of each option the same
Drive more than 300 Miles and Option 2 is less expensive
For Option One: C(m) = 150+.15m
For Option Two C(m) = 195
the graph of the 1st equation is a slightly upward sloping line y=150+.15x
with slope=.15 and y intercept = 150
2nd equation is a flat horizontal line y=195
Cost measured on the y axis, Miles measured on the x axis
they intersect at (300,195) $195 for 300 miles