Final answer:
The modified linear equation after waiving the $75 application fee is C = 50x, representing the new cost of the dance studio's membership during the special.
Step-by-step explanation:
The dance studio's original cost for membership is represented by the linear equation C = 50x + 75, where C represents the total cost and x represents the number of months of membership. During the 'no application fee' special, the application fee of $75 is waived. Therefore, the new linear equation that represents the cost without the application fee would simply be C = 50x. In this equation, the cost C is only dependent on the $50 monthly fee times the number of months x a student is signed up for.