The total cost of renting an apartment includes a one-time deposit fee plus a monthly rent. The cost may be modeled as c(x)=1200x+800. Which of these is a correct interpretation of the y-intercept of this function?
The y-intercept of this function represents the fixed cost component, which is the one-time deposit fee. In this case, the y-intercept is 800, so the correct interpretation is that the initial cost of renting the apartment is $800, which is the one-time deposit fee.
