Month (t) Dog Walker (D) House Sitter (H) Lawn Care (L) 1 $5 $11 $142 2 $12 $19 $150 3 $23 $29 $165 4 $50 $38 $141 5 $62 $50 $120 6 $80 $73 $91 1. Plot the points that represent the profit you can expect to earn each month, for each business, on a single xy-plane. You can create your plot by hand or you can use Desmos to help you. HINT: Use a different, single color for each business to help you keep track of your points.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
please graph!
12 ▾
BIU A- A
EE
infinite! There are several different types of mathematical models, including graphs, equations,
and simulations.
It is easy to create a simple mathematical model using technology. Consider the scenario below.
Calibri
Month (t)
Dog Walker (D)
House Sitter (H)
Lawn Care (L)
1
$5
$11
$142
2
$12
$19
$150
After graduating from high school, you decide to start
a small business to earn some extra money. You will
run this business for the next 4 or 5 years while you
are in college. You are trying to choose between
three possible small businesses. You have projected
the amount of profit you will earn from each
business over the first six months.
3
$23
$29
$165
4
$50
$38
$141
5
$62
$50
$120
6
$80
$73
$91
1. Plot the points that represent the profit you can expect to earn each month, for each
business, on a single xy-plane. You can create your plot by hand or you can use Desmos to help
you.
HINT: Use a different, single color for each business to help you keep track of your points.
Transcribed Image Text:12 ▾ BIU A- A EE infinite! There are several different types of mathematical models, including graphs, equations, and simulations. It is easy to create a simple mathematical model using technology. Consider the scenario below. Calibri Month (t) Dog Walker (D) House Sitter (H) Lawn Care (L) 1 $5 $11 $142 2 $12 $19 $150 After graduating from high school, you decide to start a small business to earn some extra money. You will run this business for the next 4 or 5 years while you are in college. You are trying to choose between three possible small businesses. You have projected the amount of profit you will earn from each business over the first six months. 3 $23 $29 $165 4 $50 $38 $141 5 $62 $50 $120 6 $80 $73 $91 1. Plot the points that represent the profit you can expect to earn each month, for each business, on a single xy-plane. You can create your plot by hand or you can use Desmos to help you. HINT: Use a different, single color for each business to help you keep track of your points.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Knowledge Booster
Limited Willpower
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education