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
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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 +
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