A cell phone carrier charges a fixed monthly fee plus a constant rate for each minute used.

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A cell phone carrier charges a fixed monthly fee plus a constant rate for each minute used. In January, the total cost for 150 minutes was $ 62 while in February, the total cost for 175 minutes was $ 64 .

1.Calculate the constant charge for each minute.

2. Calculate the fixed monthly fee charged by the carrier

fee = $__________________

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Feb 03, 2023 12:37 AM

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A cell phone carrier charges a fixed monthly fee plus a constant rate for each minute used.

Question:

A cell phone carrier charges a fixed monthly fee plus a constant rate for each minute used. In January, the total cost for 150 minutes was $ 62 while in February, the total cost for 175 minutes was $ 64 .

1.Calculate the constant charge for each minute.

2. Calculate the fixed monthly fee charged by the carrier fee = $__________________

Expert Answer:

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Microeconomics An Intuitive Approach with Calculus

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2. Calculate the fixed monthly fee charged by the carrier

fee = $__________________