Question
2.6 What is the point of intersection of the graphs called?
2.7 Explain what is meant by this point of intersection.
2.8 How many bags must Shelly sell to start showing a profit?
2.9 Calculate the amount of profit on 17 bags. Show all your calculations.
Income and expenses for Shelley’s Bags
2.7 Explain what is meant by this point of intersection.
2.8 How many bags must Shelly sell to start showing a profit?
2.9 Calculate the amount of profit on 17 bags. Show all your calculations.
Ask by Sandoval Fitzgerald. in South Africa
Mar 23,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
2.6 The point where the income and expenses graphs meet is called the break-even point.
2.7 At the break-even point, Shelly’s income exactly equals her expenses, resulting in neither profit nor loss.
2.8 Shelly must sell at least 13 bags to start showing a profit.
2.9 Selling 17 bags results in a profit of $25.
Solution
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Beyond the Answer
The point where two graphs intersect is often referred to as the solution to the system of equations represented by those graphs. It’s where both equations yield the same value, indicating a common solution to the problem at hand. For example, in Shelly’s Bags scenario, this point can signify when her income from selling bags equals her total expenses.
This point of intersection has practical implications in business scenarios like Shelly’s. If you consider the relationship between expenses and income, the intersection reveals the break-even point. At this juncture, Shelly’s total sales cover her costs, and beyond this point, she begins to see profit, making it crucial for understanding her business’s financial health.
