Lupe creates bracelets to sell to her friends. The graph shows her costs and income from creating and selling the bracelets. Select the three statements that are true, based on the graph.
1. Lupe earns an income of $0.50 for each bracelet she sells.
2. Lupe must sell less than 30 bracelets to make a profit.
3. It costs Lupe $0.50 to create each bracelet.
4. Lupe can make a profit by selling $20 in bracelets.
5. Lupe can make a profit by selling 25 bracelets.
6. The start-up cost for Lupe to create bracelets is less than $15.
To answer your question, we need to analyze the graph mentioned regarding Lupe’s costs and income from her bracelet-selling business. Since I can’t see the graph, I can guide you on how to approach this problem.
1. Look at the graph to check the income per bracelet. If each bracelet sold is represented by a rise of $0.50 on the income line, then the first statement is true.
2. Check the point where Lupe’s costs and income lines intersect. If the intersection occurs below 30 bracelets, then the second statement is true.
3. Determine the cost per bracelet by examining the slope of the costs line. If it indicates a $0.50 cost for each bracelet, then the third statement is true.
4. Find the point where Lupe’s income equals her costs for a total of $20. If it’s above the break-even point, then the fourth statement is true.
5. Similar to the above analysis, if selling 25 bracelets will lead to income exceeding costs, then the fifth statement is true.
6. Lastly, the start-up cost should be visible on the y-axis when no bracelets are sold. If this value is less than $15, then the sixth statement is true.
Evaluate each of these aspects based on the graph, and you’ll be able to pick the three true statements. If you have further questions or need more detailed assistance, feel free to check the extended services page.