Math Problem Statement
Solution
The image contains a problem related to systems of linear equations and inequalities. Let's break it down.
The problem asks you to:
Part A:
- Write the equation for the cost function and the revenue function based on a graph provided for the business "Muffins A-plenty" over the first six months.
From the graph:
- Cost function (appears to be linear): The cost at 0 months (the y-intercept) seems to be 55, and the cost at 6 months is 85.
- Revenue function (appears to be linear): The revenue starts at 0 (at 0 months) and reaches 60 at 6 months.
Using these values, we can calculate the slope of each line and form the equations of the functions.
Cost Function :
- The slope can be found using two points: and .
- The equation for the cost function is:
Revenue Function :
- Using the points and :
- The equation for the revenue function is:
Part B:
- The profit function is the difference between the revenue and cost functions: Simplifying:
- To determine when the business makes its first profit, we set : Solving for : So, the business will make its first profit after 11 months of operation.
Part C:
- To predict the profit after 10 months, substitute into the profit function: The profit after 10 months is -5 dollars, meaning the business is still operating at a loss after 10 months.
If you have any further questions or need clarification on any part, feel free to ask!
Relative Questions:
- How would the equations change if the cost per month increased?
- What happens if the revenue per month decreases over time?
- How do you calculate the break-even point using a system of equations?
- What are the implications of a negative slope in the revenue or cost function?
- How would you model the impact of a one-time fee in addition to monthly costs?
Tip:
When working with linear functions, always calculate the slope first to ensure accuracy in defining the relationship between variables.
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Math Problem Analysis
Mathematical Concepts
Linear Equations
Cost and Revenue Functions
Profit Function
Formulas
Cost function: y = mx + b
Revenue function: y = mx + b
Profit function: P(x) = Revenue - Cost
Theorems
Linear Function Slope-Intercept Form
Suitable Grade Level
Grades 9-12
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