A computer technician charges a fee of $50 to diagnose a problem and $70 per hour to fix it. Write an equation in slope-intercept form to represent this situation. Identify the initial value and the rate of change.(1 point)

Responses

The initial value is $50 and the rate of change is $70.
The initial value is $50 and the rate of change is $70.

The initial value is $120.
The initial value is $120.

The initial value if $70 and the rate of change is $50.
The initial value if $70 and the rate of change is $50.

The rate of change is $120.

The correct equation in slope-intercept form is:

y = 70x + 50

Where:
- y represents the total cost
- x represents the number of hours spent fixing the problem
- 70 is the rate of change (cost per hour)
- 50 is the initial value

So, the initial value is $50 and the rate of change is $70.