(Answered) Equation that represents a cab company

Economics

Problem: Write an equation that represents a cab company's rate taking into account the initial flat boarding rate and the per mile rate.

Identify the independent and the dependent variables and describe how they are related.

What would you consider the domain and the range of the function to be?
How much would it cost to go from your home to nearest grocery store in this cab?
Would you suspect that it could be modeled by a linear, a quadratic function, or another type offunction?

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Macroeconomics, Economics

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