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3x- 4y=10
10÷1=10
Therefore y is equal to 10
The system of equation that represents this situation is y = 20x + 15 for day and night kernel and y = 30x + 5 for bark time hotel.
A linear equation is in the form:
y = mx + b
where y, x are variables, m is the rate of change and b is the initial value of y.
Let y represent the total charges for for boarding a pet in x days.
Day and night kennel charges $20 per day plus a one-time food fee of $15 to board a pet. Hence:
y = 20x + 15
Bark time hotel charges $30 per day plus a one-time food fee of $5. Hence:
y = 30x + 5
The system of equation that represents this situation is y = 20x + 15 for day and night kernel and y = 30x + 5 for bark time hotel.
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Opportunity cost is relevant in this situation. Your opportunity basically consists of the full amount of your college expenses plus the money you would've made when you have chosen to work instead of enrolling in school. <u>The opportunity cost of attending college is $260,000.</u>
The potential benefits that even a person, investor, or business forgo while choosing between two possibilities are known as opportunity costs. Opportunity costs can be easily disregarded since they are by nature invisible.
The opportunity cost would be the worth of what you forgo while making a decision among two or more choices. It's a basic principle that applies to both investing and daily life. The opportunity cost in investing would be the amount of cash you can lose by choosing one asset above another.
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