Write the Word or Phrase That Best Completes Each Statement $x$

question 21

Essay

Write the word or phrase that best completes each statement or answers the question.
-A coffee store has available 75 pounds of A grade coffee and 120 pounds of B grade coffee. These will be blended into 1 pound packages as follows: an economy blend that contains 4 ounces of A grade coffee and 12 ounces of B grade coffee and a superior blend that contains 8 ounces of A grade coffee and 8 ounces of B grade coffee. Using $x$ to denote the number of packages of the economy blend and $y$ to denote the number of packages of the superior blend, write a system of linear inequalities that describes the possible number of packages of each blend. Graph the system of inequalities.

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Definitions:

Perfectly Competitive Industry

An industry characterized by many small firms producing identical products, with free entry and exit, and perfect information, leading to prices being determined by the market.

Alfalfa

A plant widely used for livestock feed due to its high nutritional content and also used as a cover crop for soil improvement.

Perfectly Elastic

Refers to a situation where a small change in price leads to an infinite change in quantity demanded or supplied.

Individual Firm's Demand Curve

The graph showing the quantity of a product that a firm is willing and able to sell at various prices, holding other factors constant.