TOPIC Introduction to Modeling ACTIVITY TITLE Discussion: Read and solve the below questions carefully CI. Demonstrate advanced knowledge and understanding of the different concepts, theories, quantitative tools and techniques in business and decision-making processes: ACTIVITY DIRECTION & 1. Ahmed has started his own company, Ahmed Shirts, which manufactures imprinted REQUIREMENT/S shirts for special occasions. Since he has just begun this operation, he rents the equipment from a local printing shop when necessary. The cost of using the equipment is BD 225. The materials used in one shirt cost BD 8, and Ahmed can sell these for BD 13 each. Requirements: a) Identify the parameters of the problem b) Create the mathematical model that represents the problem c) If Ahmed sells 25 shirts, what would be the profit? d) How many shirts must Ahmed sell to break even? 2- Sara Maquiling sells handcrafted yard decorations at county fairs. The variable cost to make these is $ 30 each, and he sells them for S 60. The cost to rent a booth at the fair is $180. Requirements: *) Identify the parameters of the problem b) Create the mathematical model that represents the problem c) How many units must Sara sell to breakeven