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Studnents are asked to write down equations for cost and income for a business.

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They are then asked to graph the two lines.

", "licence": "Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International"}, "statement": "

A {shop} owner sells {item}s for {currency(msell,\"\\\\$\",\"\")} each. It costs {currency(mcost,\"\\\\$\",\"\")} to make each {item} and {currency(bcost,\"\\\\$\",\"\")} for the equipment needed to make the {item}s.

", "advice": "

The income received from selling the {item}s is the selling cost of each item multiplied by the number of items sold.

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That is, $I = \\var{msell} \\times n$.

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The equation for income is a straight line of the form $y = mx +b$, where $m$ is the gradient of the line and $b$ is the $y$-intercept.

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In this equation, the constant $b = 0$ as, when 0 units are sold, $I=\\$0$, so the line passes through the point $(0,0)$.

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The cost to make the {item}s is the cost to make each item multiplied by the number of items made plus the fixed costs.

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That is, $C = \\var{mcost} \\times n + \\var{bcost}$.

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This is also a straight line of the form $y=mx+b$

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When we graph the two functions, we get the following:

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{geogebra_applet(\"https://www.geogebra.org/m/srpxwjnu\",defs)}

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Your graph needs:

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You may have chosen different scales for your axes. This is fine.

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", "rulesets": {}, "extensions": ["geogebra"], "variables": {"shoptypes": {"name": "shoptypes", "group": "Ungrouped variables", "definition": "['bakery','bakery','bakery','craft shop','craft shop','craft shop']", "description": "", "templateType": "anything"}, "itemidx": {"name": "itemidx", "group": "Ungrouped variables", "definition": "random(0..5)", "description": "", "templateType": "anything"}, "itemtypes": {"name": "itemtypes", "group": "Ungrouped variables", "definition": "['muffin','cake','pie','handmade paper','figurine','bandanna']", "description": "", "templateType": "anything"}, "msell": {"name": "msell", "group": "Ungrouped variables", "definition": "random(30..100)/10", "description": "", "templateType": "anything"}, "mcost": {"name": "mcost", "group": "Ungrouped variables", "definition": "round(random(10..msell*20/3))/10", "description": "", "templateType": "anything"}, "bcost": {"name": "bcost", "group": "Ungrouped variables", "definition": "random(1..10)*100", "description": "", "templateType": "anything"}, "defs": {"name": "defs", "group": "Ungrouped variables", "definition": "[\n ['b1',0],['m1',msell],['b2',bcost],['m2',mcost],\n ['xmin',-1],['xmax',2*x],['ymin',-1],['ymax',2*y]\n ]", "description": "", "templateType": "anything"}, "shop": {"name": "shop", "group": "Ungrouped variables", "definition": "shoptypes[itemidx]", "description": "", "templateType": "anything"}, "item": {"name": "item", "group": "Ungrouped variables", "definition": "itemtypes[itemidx]", "description": "", "templateType": "anything"}, "x": {"name": "x", "group": "Ungrouped variables", "definition": "bcost/(msell-mcost)", "description": "

break-even point x-value

", "templateType": "anything"}, "y": {"name": "y", "group": "Ungrouped variables", "definition": "msell * x", "description": "

break even point y-value

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Write an equation to relate the income, $I$, that is made from selling the {item}s, to the $n$, the number of {item}s sold.

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Don't enter any dollar signs, just numbers.

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$I = $ [[0]]$\\times n +$[[1]]

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Write an equation to relate the cost, $C$, of producing the {item}s, to the $n$, the number of {item}s sold.

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Don't enter any dollar signs, just numbers.

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$C = $ [[0]]$\\times n +$[[1]]

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Draw up a table of values for each equation and plot the two lines on the same graph.

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You can check your graph yourself by clicking on the \"reveal answers\" button at the end of the question.

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Warning: Don't do this until you have finished the question, because it has answers for all of the question parts!

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