At a local grocery store, the deli counter has American cheese on sale for $2.91 per pound with a limit of 1.59 pounds per customer. If y represents the total cost for buying x pounds of American cheese, then which statement below represents the domain and range of this situation?
1) The domain is x ≥ 0 and the range is y ≥ 0
2) The domain is x ≥ 0 and the range is y ≥ 2.91
3) The domain is x ≥ 0 and the range is y ≥ 1.59
4) The domain is x ≥ 1.59 and the range is y ≥ 0