Precalculus by Richard Wright
Jesus looked at them and said, “With man this is impossible, but with God all things are possible.” Matthew 19:26 NIV
Summary: In this section, you will:
SDA NAD Content Standards (2018): PC.6.1
Systems of inequalities usually have many solutions. These solutions are often described by a graph. Systems can be used to analyze supply and demand or to find ways to maximize or minimize profits and costs.
To solve systems of inequalities, graph all the inequalities on the same coordinate plane. The solution is the intersection of all the shaded areas of the individual inequalities.
Solve {2x−y≥−3x+y≥−3x≤1 and label the vertices of the solution area.
Solution
Start by graphing the first inequality. It might be easier to solve it for y.
2x − y ≥ −3
y ≤ 2x + 3
Graph the second inequality and mark the shaded area differently than the first inequality.
x + y ≥ −3
y ≥ −x − 3
Graph the third inequality and mark the shaded area differently than the other inequalities.
x ≤ 1
The solution is the area where all three inequalities are shaded. Label the vertices of the solution area.
Solve {x+y≤1x−2y≥−2y≥−2 and label the vertices of the solution area.
Answer
Solve {y<−x2+4y>x−2 and label the vertices of the solution area.
Solution
Start by graphing the first inequality.
y < −x2 + 4
Graph the second inequality and mark the shaded area differently than the first inequality.
y > x − 2
The solution is the area where both inequalities are shaded. Label the vertices of the solution area.
Solve {y≤√x+3+1y>1 and label the vertices of the solution area.
Answer
A manufacturer has to decide how much product to make. They find a model for consumer demand and another model for producer supply given as price as a function of the number of units. The point where the graphs of these two models meet is called the equilibrium point where the amount of supply equals the demand. The area under the demand curve and above the horizontal line through the equilibrium point is known as consumer surplus and is a measure of how much more consumers would be willing to pay above what they actually paid. Producer surplus is the area above the supply curve and below the horizontal line through the equilibrium point and is a measure of the amount that the producer would be willing to receive below what they actually received.
Find the consumer surplus and producer surplus for the demand and supply equations {p=100−2xp=4+x
Solution
Start by turning the equations into inequalities. The demand equation becomes ≤, and the supply equation becomes ≥.
{p≤100−2xp≥4+x
Graph the system of inequalities. Add a horizontal line through the equilibrium point.
Now find the areas. The shapes are triangles so A=12bh. Start with consumer surplus.
A=12bh
Consumer surplus=12(32)(64)
Consumer surplus = $1024
Now find the producer surplus.
A=12bh
Producer surplus=12(32)(32)
Producer surplus = $512
Find the consumer surplus and producer surplus for the demand and supply equations {p=200−xp=50+2x
Answer
Consumer surplus = $1250; Producer surplus = $2500
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