Determine the initial value and the rate of change in the following description. At a local festival, the entrance fee is $12 per person, and ride tickets cost $2 for every ride.
The initial value is b= , and the rate of change is m= .
The initial value refers to the starting point. In this case, the starting point is the entrance fee, which is $12 per person. Therefore, the initial value is b = $12.
The rate of change refers to how much a certain value is increasing or decreasing over a period of time. In this case, the rate of change is the cost of each ride ticket, which is $2 for every ride. Therefore, the rate of change is m = $2.