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Suppose Sue has 50 ft of fencing with which she can build a rectangular dog run. Let x represent the length of the dog run and let y represent the width.
a. Write an inequality representing the fact that the total perimeter of the dog run is at most 70 ft.
b. Sketch part of the solution set for this inequality that represents all possible values for the length and width of the dog run. (Hint: Note that both the length and the width must be positive.)
Producer Surplus
The disparity between the minimum amount producers are prepared to take for a product or service and the higher amount they end up getting.
Blockade
An act of sealing off a place to prevent goods or people from entering or leaving, typically implemented as a form of economic or military pressure.
Producer Surplus
The difference between what producers are willing to sell a good for and the actual price they receive.
Autarky
A financial strategy or condition where a nation is independent and refrains from participating in global commerce.
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