How much money are you hoping to earn from selling your products?
Answer: I am hoping to earn $[30,000 from selling my products.
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.
Answer: I will sell [handmade jewelry ] for $20and custom-made clothing for $[50].
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.
Answer: Original Investment $ 10,000] 3=30,000
Inequality:20]x+50y 30,000
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.
Answer:
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 y-coordinate represent and the significance in terms of both cost and money earned of this point falling in the shaded regions.
Answer: Ordered pair in the shaded region for both inequalities (20,50])
The x-value represents product 1, which is $20
The y-value represents product 2, which is $50.
Since the point lies in the shaded region it means that [sell product 1 for $20 and product 2 for $50, and you sell enough quantities of each product such that the total earnings exceed the threshold of $30,000
What is the ideal number of items you should produce and sell? Why?
Answer: The ideal number of items I should produce is 300, because [reason why]