The cost of a taxi ride can be modeled by the equation C = 2.50 + 1.75m, where C is the total cost in dollars and m is the number of miles driven. What does the value 1.75 represent in this equation?
✓ Correct Answer: Option C
In a linear equation y = mx + b, 'm' represents the slope or rate of change. Here, 1.75 is multiplied by 'm' (miles), indicating the cost incurred for each mile driven.