The graph represents the cost of renting a generator from a hardware store. What does the point (2, 50) mean in the problem situation? A graph showing total cost in dollars on the y axis and time in hours on the x axis. A line begins at zero comma zero and passes through the point 2 comma 50.

Select the correct response.

It costs $2 per hour to rent the generator for 50 hours.

It costs a total of $50 to rent the generator for 2 hours.

It costs $50 per hour to rent the generator.

It costs a total of $100 to rent the generator for 2 hours.