Question: You ve already completed a preliminary version of this model with your class, the Historic Hotel activity. In the Historic Hotel activity, you considered a
Youve already completed a preliminary version of this model with your class, the Historic Hotel activity. In the Historic Hotel activity, you considered a hotel in which all rooms can be rented if the cost for the room is $ for a night. Each time the owner increases the cost by $ one room will be vacant. In addition to this potential reduction in profit, the owner must pay $ for service and maintenance for each occupied room. Some people might solve the problem by finding the vertex of a parabola that opens downward.
For this five stage model, you are asked to play the role of a social entrepreneur and design your own realistic business. A social entrepreneur is a person who creates a business venture that can pay their own bills but also, that addresses a community need. As a social entrepreneur, you can focus on making a fair profit for yourself because you need to make a comfortable living, but you try to do this in a way that benefits other people. Social entrepreneurship critiques the dichotomy of altruism and selfinterest.
Try to make a simple model of a business at first. Its not easy, because youll have to try out several scenarios in order to get numbers that are even slightly realistic. You can use Excel, Google Sheets, Desmos, equations, or calculations with a calculator. You can imagine this business to be a small side business or your primary employment. It could involve you alone or a group of people.
Keep your basic answer simple. For your Extend answer, you can factor in an additional realistic feature. Or for your Extend answer, you can try to weave together the algebra regarding parabolas, vertices and quadratic equations, and explain how some of this mathematics
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