Determine whether the statement given below makes sense or does not make sense, and explain your reasoning : "For each $1 increase in the price of a $300 plane ticket, an airline will lose 60 passengers, so if the ticket price is increased to $x, the decrease in passengers is modeled by 60(300 – x)."

You decide to purchase a brand new boat for $19,000. You sell it 8 years later for its worth $7,500. Assuming the boat’s value depreciates linearly, how much was it worth 4 years after you bought it?

2. In 2012, the campus print center purchased a multi-function printer/copier for $12600, and a high capacity printer for $11000. The resale value of the multi-function machine is decreasing by $1800 per year and the resale value of the high capacity machine is decreasing by $1000 per year. a. Write an equation that gives the resale value, y, ofthe b. Write an equation that gives the resale value, y, of the multi-function machine x years after 2012. high capacity machine x years after 2012. c. Use your equations to determine the year in which the resale values of the two machines will be equal.

Jester's Deli sells 640 sandwiches at a price of $8 each. A market survey shows that for every $0.10 reduction in price, 40 more sandwiches will be sold. Let x represent the number of $0.10 reductions.