sol_even_1.ppt

sol_even_1.ppt - Chapter 1 2. To earn extra money in the...

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Chapter 1
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2. To earn extra money in the summer, you grow tomatoes and sell them at the farmers’ market for 30 cents per pound. By adding compost to your garden, you can increase your yield as shown in the table below. If compost costs 50 cents per pound and your goal is to make as much money as possible, how many pounds of compost should you add? Pounds of compost Pounds of tomatoes Extra Revenue 0 100 2 x 30 cents = 60 cents 1 120 5 x 30 cents = 150 cents 2 125 3 x 30 cents = 90 cents 3 128 2 x 30 cents = 60 cents 4 130 1 x 30 cents = 30 cents
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Extra revenue is the revenue that you will get by adding a pound of compost. We will add the compost until extra revenue is less than the cost of adding a pound of compost, 50 cents. By adding the forth pounds of compost, you will get 60 cents in extra revenue, or 2 extra pounds of tomatoes; which is greater than the compost cost, 50 cents. By adding the fifth pounds of compost, you will get 30 cents in extra revenue, or 1 extra pound of tomatoes; which is less than the compost cost, 50 cents. Therefore, you should add up to 4 pounds of compost.
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4. Once a week, Smith purchases a six-pack of cola and puts it in his refrigerator for his two children. He invariably discovers that all six cans are gone on the first day. Jones also purchases a six-pack of cola once a week for his two children, but unlike Smith, he tells them that each may drink no more than three cans. If the children use cost-
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sol_even_1.ppt - Chapter 1 2. To earn extra money in the...

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