Suppose replacing and using a gas furnace costs $5, 000 upfront and $100 per
month in gas. An alternative is an electric heat pump, which costs $7,000 up front
and $75 per month in electricity. These equations would be
C= 100t + 5000 and C= 75t + 7000.
What does the point of intersection represent?
a) The point in time where the cheaper option will become the more expensive
option.
Ob) The cost of installing either system.
Oc) The point in time where the rate of change is the same.
d) The time in months where you'd have to make another replacement.