(Answered) Question - the pacific corporation operates car rental

Accounting

Question - The Pacific Corporation operates car rental agencies at more than 20 airports. Customers can choose from one of three contracts for car rentals of one day or less:

Contract 1: $50 for the day
Contract 2: $30 for the day plus $0.20 per mile travelled
Contract 3: $1 per mile traveled

1. Plot separate graphs for each of the three contracts with costs on the vertical and miles traveled on the horizontal axis.

2. Express each contract as a linear const function of the form y = a + bX.

3. Identify each contract as a variable, fixed, or mixed-cost function.

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