What is the value of x? Enter your answer in the box.
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Answer:
The required function is:
The price for each feeder to maximize profit should be $13.
The maximum weekly profit is $147
Step-by-step explanation:
Consider the provided information.
Part (A)
The materials for each feeder cost $6, and the society sells an average of 30 per week at a price of $10 each.
Let x be the price per feeder.
Profit = Revenue - cost
So the profit per feeder is
If we increase then for every dollar increase, it loses 3 sales per week.
This can be written as:
Where x-10 represents the increase in price and 3 represents the decrease in sales per week.
Thus the profit will be:
Hence, the required function is:
Part (B) What price should the society charge for each feeder to maximize profits? What is the maximum weekly profit?
The above function is a downward parabola so the maximum will occur at vertex.
The x coordinate of the vertex of parabola is:
Substitute a=-3, b=78 and c=-360 in above.
Hence, the price for each feeder to maximize profit should be $13.
Now substitute the value of x in
Hence, the maximum weekly profit is $147
There are two inequality equations to be graphed:
<span>x + y ≥ 4
2x + 3y < 12
For the first step, let's disregard the inequality symbols and take it like any conventional algebraic equation. This is to be able to graph the lines on a Cartesian planes first.
For the first equation, x+y=4. To find the x- and y-intercepts, let the other variable be 0. For example,
x-intercept:
x+0=4
x=4
y-intercept:
0+y=4
y=4
Therefore, you can graph the equation line by plotting the intercepts (4,0) and (0,4) and connecting them together. The same thing is done to the second equation:
x-intercept:
</span>2x + 0 = 12
x=12/2=6
y-intercept:
0 + 3y =12
y= 12/3 = 4
Therefore, you can graph the equation line by plotting the intercepts (6,0) and (0,4) and connecting them together. The graph is shown in the left side of the picture.
The next step would be testing the inequalities. Let's choose a point that does not coincide with the lines. That point could be (-5,-1).
x + y ≥ 4
-5 + -1 ≥4
-6 ≥ 4 --> this is not true. Thus, the solution of the graph must not include the area of this point. It includes everything to the right of the line denoted by the blue-shaded region.
2x + 3y < 12
2(-5) + 3(-1) <12
-13 < 12 ---> this is true. Thus, the solution would include this point. That includes all points to the left of the orange line denoted by the orange-shaded the region.
The region where blue and orange overlap is the solution of the system of equations, denoted by the green-shaded region.
<span>x + y ≥ 4
2x + 3y < 12
For the first step, let's disregard the inequality symbols and take it like any conventional algebraic equation. This is to be able to graph the lines on a Cartesian planes first.
For the first equation, x+y=4. To find the x- and y-intercepts, let the other variable be 0. For example,
x-intercept:
x+0=4
x=4
y-intercept:
0+y=4
y=4
Therefore, you can graph the equation line by plotting the intercepts (4,0) and (0,4) and connecting them together. The same thing is done to the second equation:
x-intercept:
</span>2x + 0 = 12
x=12/2=6
y-intercept:
0 + 3y =12
y= 12/3 = 4
Therefore, you can graph the equation line by plotting the intercepts (6,0) and (0,4) and connecting them together. The graph is shown in the left side of the picture.
The next step would be testing the inequalities. Let's choose a point that does not coincide with the lines. That point could be (-5,-1).
x + y ≥ 4
-5 + -1 ≥4
-6 ≥ 4 --> this is not true. Thus, the solution of the graph must not include the area of this point. It includes everything to the right of the line denoted by the blue-shaded region.
2x + 3y < 12
2(-5) + 3(-1) <12
-13 < 12 ---> this is true. Thus, the solution would include this point. That includes all points to the left of the orange line denoted by the orange-shaded the region.
The region where blue and orange overlap is the solution of the system of equations, denoted by the green-shaded region.