Part I. You are the new owner of a candle shop in Greenwood Mall. Your first duty as new owner and store manager is to create an advertising plan based on the budget available. You must figure out how many magazine and TV ads to purchase. • TV ads cost $600 per airing. • Magazine ads cost $1200 per issue. • Your total advertising budget is $9,000. 1. If we let x = number of TV ads and y = number of magazine ads, write an inequality for our advertising budget. 2. Due to space limitations, the magazine publishers tell us that we are only allowed to purchase up to 6 magazine ads. The television station informed us that we are only allowed to purchase up to 7 TV ads. Write the two inequalities for these two constraints. 3. Is it possible to buy a negative number of TV ads or a negative number of magazine ads? I don't think so! Write the two inequalities for these two constraints.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question

I'd need help to understand these practice questions for my next project exam. It has nothing to do with the exam but it just helps me to understand better with the steps and solutions.

Part I. You are the new owner of a candle shop in Greenwood Mall. Your first duty as
new owner and store manager is to create an advertising plan based on the budget
available. You must figure out how many magazine and TV ads to purchase.
●
TV ads cost $600 per airing.
Magazine ads cost $1200 per issue.
Your total advertising budget is $9,000.
1. If we let x = number of TV ads and y = number of magazine ads, write an
inequality for our advertising budget.
2. Due to space limitations, the magazine publishers tell us that we are only
allowed to purchase up to 6 magazine ads. The television station informed us
that we are only allowed to purchase up to 7 TV ads. Write the two inequalities
for these two constraints.
3. Is it possible to buy a negative number of TV ads or a negative number of
magazine ads? I don't think so! Write the two inequalities for these two
constraints.
Transcribed Image Text:Part I. You are the new owner of a candle shop in Greenwood Mall. Your first duty as new owner and store manager is to create an advertising plan based on the budget available. You must figure out how many magazine and TV ads to purchase. ● TV ads cost $600 per airing. Magazine ads cost $1200 per issue. Your total advertising budget is $9,000. 1. If we let x = number of TV ads and y = number of magazine ads, write an inequality for our advertising budget. 2. Due to space limitations, the magazine publishers tell us that we are only allowed to purchase up to 6 magazine ads. The television station informed us that we are only allowed to purchase up to 7 TV ads. Write the two inequalities for these two constraints. 3. Is it possible to buy a negative number of TV ads or a negative number of magazine ads? I don't think so! Write the two inequalities for these two constraints.
4. Graph the system of inequalities you found on the previous page. When you're
finished, clearly shade the feasible region.
5. Is the feasible region bounded or unbounded? Why?
6. Determine the corner points. These are also called the vertices of the feasible
region.
a.
d.
b.
e.
Page
C.
<
3
of 9
ZOOM
+
Transcribed Image Text:4. Graph the system of inequalities you found on the previous page. When you're finished, clearly shade the feasible region. 5. Is the feasible region bounded or unbounded? Why? 6. Determine the corner points. These are also called the vertices of the feasible region. a. d. b. e. Page C. < 3 of 9 ZOOM +
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps

Blurred answer
Knowledge Booster
Health Care Systems
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.
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