The system of inequalities is: [tex]x\geq 3[/tex] and [tex]12x+7y\leq 63[/tex]
Explanation
Let [tex]x[/tex] be the amount of live bait and [tex]y[/tex] be the amount of natural bait.
As John would like to get at least 3 pounds of live bait, so the first inequality will be: [tex]x\geq 3[/tex]
Given that, price of live bait is $12 per pound and natural bait is $7 per pound. Also, he only has a budget of $63. That means, he can spend maximum $63
So, the cost for buying [tex]x[/tex] pound of live bait [tex]=\$12x[/tex] and the cost for buying [tex]y[/tex] pound of natural bait [tex]=\$7y[/tex]
Thus, the second inequality will be: [tex]12x+7y\leq 63[/tex]