(Answered) What is the hire rate (gradient), in £ per hour?What is the hire rate (gradient), in £ per hour?

➤ Why is the hire rate different from average cost or fixed fee?
The hire rate (gradient) measures the marginal cost per additional hour. Average cost divides total cost by total hours and blends fixed and variable parts. A fixed fee shows as the graph’s intercept and does not affect the gradient. Distinguish marginal (£/hour), average (£/hour), and fixed (£) when analysing pricing or budgets.