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Swanson and Associates presently leases a copy machine under an agreement that calls for a fixed fee each month and a charge for each copy made. Swanson made 7,000 copies and paid a total of $360 in March; in May, the firm paid $280 for 5,000 copies. The company uses the high-low method to analyze costs.
How much would Swanson's pay if it made 5,500 copies?
a. $382.50
b. $322
c. $300.
d. $292.50
An amount other than those given above?
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