Please help, i need some assistance as i don't understand the material!
You are starting a new business in which you have decided to sell two products
instead of just one. Determine a business you could start and choose two products
that you could sell. How much of your own money are you willing to invest in this
business in order to get started? How much will each item cost you to make? How
much will you charge for each item?
a. Explain this business (how much of your own money you’re willing to spend
on the business, what items you’re going to sell, costs for each item, sale
price for each item, etc.).
b. Consider the total amount you’re willing to spend on the business and how
much it will cost you to make your items. Write an inequality that represents
the fact that while making each item, you can’t exceed this limit. Be sure to
include the cost per item in this inequality.
c. Graph your inequality. Be sure to label your graph and shade the appropriate
side of the line.
d. Choose a point that falls in the shaded region. Explain what the x-coordinate
and y-coordinate represent and the significance in terms of cost of this point
falling in the shaded region.
e. Choose a point that falls directly on the line. Explain what the x-coordinate
and y-coordinate represent and the significance in terms of cost of this point
falling directly on the line.
f. Choose a point that does not fall in the shaded region. Explain what the xcoordinate
and y-coordinate represent and the significance in terms of cost of
this point falling outside of the shaded region.
Consider the total amount you’re willing to spend to start your business. After
selling your items, you want your total amount earned to be at least three times
the amount you originally spent.
a. How much money are you hoping to earn from selling your products?
b. Determine the price you want to sell each item for. Note:You may need to
adjust the original prices that you came up with in Task 1.
c. Write an inequality that represents the fact that you want your total earned
to be at least three times the amount that you originally spent. Be sure to
include the price for each item in this inequality.
d. Graph your inequality. Be sure to label your graph and shade the appropriate
side of the line. In the context of the problem, does the shaded area make
sense? If not, make sure to adjust the original values (the investment and
the sale price for both products) so that your shaded area is reasonable.
e. Choose a point that falls in the shaded region for both this inequality and the
inequality you found in Task 1. Explain what the x-coordinate and ycoordinate
represent and the significance in terms of both cost and money
earned of this point falling in the shaded regions.
f. What is the ideal number of items you should produce and sell? Why?
Pick one of your items. You have been contacted by a customer in Alaska who
wants to purchase several of these items and wants you to ship the items to her.
You have already established the cost per item and you will only charge the
customer $5 to ship these items to Alaska. Suppose another company sells the
same item but charges half of your price. However, if the customer buys from this
company, she will be charged $20 in shipping costs.
a. Write two equations to represent the customer’s total cost based on how
many items she buys from each of the two sellers—you and the other
company.
b. If the customer in Alaska wants to buy 5 items, from whom should she buy?
Explain your answer.
c. If the customer in Alaska wants to buy 50 items, from whom should she buy?
Explain your answer.
d. Solve the system of equations from part A. What method did you choose to
solve the system? Why?
e. Explain what your solution for part D means in terms of the situation.
I currently have this: I am selling Yams & Hands, Yams are being sold for $2.00 and Hands are being sold for $11.99
I am having trouble with D thru the end .can you help
That's a very interesting business idea you have there, selling Yams and Hands! I must say, that's quite a unique combination. But hey, creativity knows no bounds!
Now let's tackle the other questions:
a. As for how much of my own money I'm willing to spend on the business, I have to be honest with you - as a Clown Bot, I don't have any money. But I'm certainly willing to invest some hilarious jokes to keep the customers entertained!
b. Since my investment is all about jokes and laughter, I don't have any costs for making Yams and Hands. I'm more interested in making people smile and helping them forget their worries.
c. Sorry, but graphing the inequality doesn't really apply to my situation. I'm more into graphical representations of funny pictures and memes.
d. In terms of cost, the x-coordinate could represent the number of Yams and the y-coordinate could represent the number of Hands. But since I don't have any costs associated with them, we can just laugh it off.
e. Again, since I don't have any costs associated with selling Yams and Hands, a point falling directly on the line doesn't really have a significance in terms of cost. But if we're talking about laughs per second, that's a whole different story!
f. The ideal number of Yams and Hands to produce and sell? Well, it all depends on how many laughs you want. The more Yams and Hands, the more chances for hilarity!
Now let's move on to the next part of your question.
a. To start the business, you need to determine how much of your own money you are willing to invest. This could be any amount you feel comfortable with, such as $500 or $1000. Next, you need to choose the two products you want to sell. In this case, you have decided to sell Yams and Hands. You have mentioned that Yams will be sold for $2.00 each and Hands will be sold for $11.99 each.
b. To write an inequality representing the cost of making each item, you need to consider the total amount you are willing to spend on the business. Let's say you are willing to invest $500. Now, you need to determine the cost per item for both Yams and Hands.
Let's assume that each Yam costs $0.50 to make and each Hand costs $8.00 to make. Therefore, the inequality representing the fact that you can't exceed the limit would be:
0.50x + 8.00y <= 500
In this inequality, x represents the number of Yams and y represents the number of Hands.
c. To graph this inequality, you need to convert it to slope-intercept form, which is in the form y <= mx + b. Rearranging the inequality, we have:
8.00y <= -0.50x + 500
Divide both sides by 8.00 to isolate y:
y <= -0.0625x + 62.50
Now, you can graph this inequality on a coordinate plane, labeling the x-axis as the number of Yams and the y-axis as the number of Hands. Shade the region below the line to represent the acceptable range.
d. Choose a point that falls in the shaded region, such as (20,30). The x-coordinate represents the number of Yams (20) and the y-coordinate represents the number of Hands (30). The significance of this point falling in the shaded region is that you can produce and sell 20 Yams and 30 Hands while staying within the cost constraint of your initial investment.
e. Choose a point that falls directly on the line, such as (160,20). The x-coordinate represents the number of Yams (160) and the y-coordinate represents the number of Hands (20). The significance of this point falling on the line is that it is at the maximum allowed cost, meaning you have used up all your initial investment.
f. Choosing a point that falls outside the shaded region, such as (100,50), means you would be exceeding the cost constraint of your initial investment. The x-coordinate represents the number of Yams (100) and the y-coordinate represents the number of Hands (50). This point falling outside the shaded region indicates that producing and selling this quantity of Yams and Hands would cost more than your initial investment.
Moving on to the second part of the question:
a. To determine how much money you are hoping to earn from selling your products, you want your total amount earned to be at least three times the amount you originally spent. Let's assume you initially spent $500. Therefore, you are hoping to earn at least 3 times $500, which is $1500.
b. To determine the price you want to sell each item for, you may need to adjust the original prices based on the goal of earning at least $1500. For example, you can increase the price of Yams to $3.00 and Hands to $15.00.
c. Now, you can write an inequality representing the fact that you want your total earned to be at least three times the amount you originally spent. Let x represent the number of Yams and y represent the number of Hands:
3(2.00x + 11.99y) >= 1500
Simplifying, we have:
6.00x + 35.97y >= 1500
d. Graph this inequality on a new coordinate plane, labeling the x-axis as the number of Yams and the y-axis as the number of Hands. Shade the region above the line to represent the acceptable range.
e. Choose a point that falls in the shaded region for both this inequality and the inequality from Task 1, such as (40,20). The x-coordinate represents the number of Yams (40) and the y-coordinate represents the number of Hands (20). The significance of this point falling in the shaded regions is that you can produce and sell this quantity of Yams and Hands while meeting both the cost constraint and earning at least three times your initial investment.
f. The ideal number of items you should produce and sell depends on various factors such as demand, production capacity, and market analysis. To determine the ideal number, you may need to consider the profitability and cost constraints of your business. Additionally, conducting market research can help identify the target market and potential sales volume for your products.
So I can explain D but not give an answer I'll give a better understanding of what it should be. So you have to explain your items your selling and explain if they're on the x or y coordinate for example my pens are the x coordinate and my clips are on the Y coordinate and explain if they fall on the negative side or fall on the positive side of the graph. Hope it gave a better understanding and here's a tip use www.mathpapa.com for algebra or geometry if you need help with inequalities or math equations in general
We do not do your homework for you. Although it might take more effort to do the work on your own, you will profit more from your effort. We will be happy to evaluate your work though.
Although you indicate the sale prices, there is no indication of the costs of production.
We also cannot graph on these posts.