Final answer:
To find the crossover point for the two alternatives, you can solve the equations algebraically or graphically. By setting the two equations equal to each other, you can solve for the quantity at which the two alternatives are equal. By graphing the equations and observing their intersection, you can confirm that the crossover point is approximately x = 1.333.
Step-by-step explanation:
To find the crossover point for the two alternatives, you can solve the equations algebraically or graphically. Let's start with solving the equations.
Algebraic Solution:
By setting the two equations equal to each other, you can solve for the quantity at which the two alternatives are equal.
2x + 3 = 5x - 1
2x - 5x = -1 - 3
-3x = -4
x = -4/-3
x ≈ 1.333
Graphical Solution:
Plot the two lines represented by the equations on a graph. The point where the lines intersect represents the crossover point.
By graphing the equations and observing their intersection, you can confirm that the crossover point is approximately x = 1.333.