How can equations and inequalities help a business maximize profit or minimize costs?
What is the importance of understanding how to set up and solve equations and inequalities?
Discuss in general without a mathematical example.

Question

How can equations and inequalities help a business maximize profit or minimize costs?
What is the importance of understanding how to set up and solve equations and inequalities?
Discuss in general without a mathematical example.

anonymous · Answer

Equations and inequalities can help a business maximize profits by helping the owner determine what he should produce more. He can use inequalities to help figure out what he can make less of.

anonymous · Answer

you want to open a store. you are currently trying to decide how much of product A and product B you would like to buy? the total storage area is 600 cubic feet. Product A cost 40 $ and is 7by5 cubic feet. product B is 20$  and  5 by 2.5 cubic feet. how do i make inequalities to represent product a and b? and do i need to put in what i want my profit to be?