Assignment:
A downtown employee is looking for the best option for parking a car during an 8-hour workday. One parking garage offers unlimited parking at a $120 per month. Another garage offers an hourly rate of $2.50 for parking.
Draw a graph comparing the two parking plans. Under what circumstances would the monthly plan be cheaper? Under what circumstances would the hourly plan be cheaper?
Provide complete and step by step solution for the question and show calculations and use formulas.