Table of Contents Linear Inequalities: Application A company that manufactures compact discs has monthly fixed costs totaling $28,000. It also costs the.

Slides:



Advertisements
Similar presentations
Table of Contents Quadratic Functions: Application A landlord can rent 60 apartments when the monthly rent is $550. For each $5 reduction in rent she can.
Advertisements

Cost, revenue, profit Marginals for linear functions Break Even points Supply and Demand Equilibrium Applications with Linear Functions.
1.Ed has ordered a computer and a desk from two different stores. Both items are to be delivered on Tuesday. The probability that the computer will be.
Evaluating Algebraic Expressions 3-8Solving Two-Step Inequalities Warm Up Warm Up California Standards California Standards Lesson Presentation Lesson.
11-5 Solving Two-Step Inequalities Course 3 Warm Up Warm Up Problem of the Day Problem of the Day Lesson Presentation Lesson Presentation.
Page 510 #10-20 ANSWERS.
Solving Multistep Inequalities
HW # 78 - p. 150 & 151 # 1-54 even Warm up Week 23, Day Three Solve. Graph the solution. 1. 6x + 36 = 2x 2. 4x – 13 = x 3. 5(x – 3) = 2x
GOALS BUSINESS MATH© Thomson/South-WesternLesson 11.2Slide Break-Even Point Calculate the break-even point for a product in units Calculate the break-even.
Chapter 1 Linear Equations and Graphs Section 1 Linear Equations and Inequalities.
Chapter 2 Functions and Graphs
Solving Linear Equations and Inequalities Solving algebraically Solving graphically Solving equations in more than one variable Solving linear inequalities.
1 1 Learning Objectives for Section 1.1 Linear Equations and Inequalities The student will be able to solve linear equations. The student will be able.
Table of Contents Compound Linear Inequalities: Solving Algebraically Example: Algebraically solve, - 5 < 2x + 3  8. First break the compound inequality.
Chapter 2 Functions and Graphs Section 1 Functions.
BY DR. JULIA ARNOLD The Algebra of Functions What does it mean to add two functions? If f(x) = 2x + 3 and g(x) = -4x - 2 What would (f+g)(x) be? (f+g)(x)
Linear Functions and Applications Lesson 1.2. A Break Even Calculator Consider this web site which helps a business person know when they are breaking.
12-6 Solving Inequalities by Multiplying or Dividing Course 2 Warm Up Warm Up Problem of the Day Problem of the Day Lesson Presentation Lesson Presentation.
Notes Over 2.5 Rules for Multiplying Negative Numbers. If there is an even number of negative numbers, then the answer is Positive. If there is an odd.
Holt CA Course Solving Inequalities by Multiplying or Dividing Preview of Grade 7 AF4.0 Students solve simple linear equations and inequalities.
5.3 Break-Even Analysis Chapter 32.
Business Costs and Revenues Reference 6.1 and 6.2.
Section 4.2 Solving Linear Inequalities Using the Multiplication-Division Principle.
Break-Even Analysis When a company manufactures x units of a product, it spends money. This is total cost and can be thought of as a function C, where.
Chapter 2 Linear Systems in Two Variables and Inequalities with Applications Section 2.1.
© 2010 Pearson Prentice Hall. All rights reserved. CHAPTER 7 Algebra: Graphs, Functions, and Linear Systems.
1.What is the equation of a line passing through the point (8, -3) and having no slope? 2.If the slope of a line is -5 and the line contains the points.
The Mystery of Calculating The Breakeven Point. What in the world is it? w It is the point at which a company does not make any money. w It is the calculation.
© A Very Good Teacher 2007 Exit Level TAKS Preparation Unit Objective 4.
10C Simultaneous equations and break-even point. Solving linear simultaneous equations Each pair of points x and y which satisfy an equation of a straight.
Slide 7- 1 Copyright © 2012 Pearson Education, Inc.
Section 1-2: Composition of Functions If you have two functions, you can form new functions by adding, subtracting, multiplying, or dividing the functions.
Chapter 7 Systems of Equations and Inequalities Copyright © 2014, 2010, 2007 Pearson Education, Inc Systems of Linear Equations in Two Variables.
Section 1.4 Intersection of Straight Lines. Intersection Point of Two Lines Given the two lines m 1,m 2, b 1, and b 2 are constants Find a point (x, y)
1-2 & 1-3 Functions and Models
Differentiation Techniques: The Product and Quotient Rules
Copyright © 2008 Pearson Addison-Wesley. All rights reserved. 2-1 Linear Functions 2.4 Graphing Linear Functions ▪ Standard From Ax + By = C ▪ Slope ▪
1.2 Linear functions & Applications. Linear Function f defined by (for real numbers m and b) x=independent variable y=dependent variable.
Economic Definitions Profit = Revenue – Cost P(x) = R(x) – C(x) Assume the cost of producing x radios is C(x) =.4x 2 +7x + 95 dollars. A. Find the cost.
Edexcel GCSE Business Studies © Pearson Education 2009 Chapter 15 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Fixed costs.
LESSON How can you solve an inequality involving multiplication or division with rational numbers? Multiplication and Division Inequalities with Rational.
Evaluating Algebraic Expressions 3-8Solving Two-Step Inequalities Warm Up Warm Up California Standards California Standards Lesson Presentation Lesson.
1 Copyright © 2015, 2011, and 2008 Pearson Education, Inc. Chapter 1 Functions and Graphs Section 1 Functions.
Algebra of Functions Let f and g be functions with domains D and E respectively. Define new functions from D E -> R by (f+g)(x) = f(x) + g(x) (f-g)(x)
7.3 Systems of Linear Equations in Two Variables
Calculus Section 3.4 Calculate marginal cost, revenue, and profit
N 1-4 Linear Application Problems
ECONOMIC APPLICATIONS
Chapter 1 Linear Equations and Graphs
Chapter 2 Functions and Graphs
Chapter 2 Functions and Graphs
Chapter 1 Linear Equations and Graphs
Variable cost (e.g. materials) = £5 per unit
Economic Definitions Profit = Revenue – Cost P(x) = R(x) – C(x)
Solving Inequalities by Multiplying or Dividing
Additional Example 1A: Using the Multiplication Property of Inequality
Quantitative Methods
Quantitative Methods
Quantitative Methods
Quantitative Methods
Quantitative Methods
Quantitative Methods
Algebra: Graphs, Functions, and Linear Systems
CHAPTER SEVEN System of Equations.
Review: 8.1a Mini-Quiz Graph the systems of equations. Then determine whether each system has no solution, one solution, or infinitely many solutions.
Notes Over 1.7 Solving Inequalities
Notes Over 1.7 Solving Inequalities
Warm Up Problem of the Day Lesson Presentation Lesson Quizzes.
Warm Up Problem of the Day Lesson Presentation Lesson Quizzes.
Solving Inequalities by Multiplying or Dividing
Presentation transcript:

Table of Contents Linear Inequalities: Application A company that manufactures compact discs has monthly fixed costs totaling $28,000. It also costs the company $0.50 to make each compact disc. If the compact discs are sold for $0.95 each, how many need to be made and sold each month (x) for the company to make a profit? To make a profit, the company's monthly revenue, R, (money it takes in for the sales) must exceed (>) its monthly costs, C. It is helpful to make a table for values of x, R and C. xR(x)C(x) (0.95)(2) (0.95)(3) (2) 3 (0.95)(4) (3) From the table R(x) = 0.95x and C(x) = x.

Table of Contents Linear Inequalities: Application Slide 2 Since R(x) must be greater than C(x) to obtain a profit, 0.95x > x. From the preceding slide, R(x) = 0.95x and C(x) = x. Last, solve the linear inequality.0.45x > x > 62,222.2 The company needs to make and sell 62,223 or more compact discs each month to make a profit.

Table of Contents Linear Inequalities: Application Try:Sandra plans to make dolls for sell at a local fair booth. She plans on selling each doll for $ It will cost $75 to rent a booth at the fair, and it costs her $8.35 in materials to make each doll. How many dolls will she need to make and sell to make a profit? Write a linear inequality that could be solved to answer this question. Slide x > x Solve the linear inequality and answer this question x > 16.30She needs to make and sell 17 or more dolls to make a profit.

Table of Contents Linear Inequalities: Application