Chapter 1: Problem 11
Given the equation \(y=4 x-3\), answer the following questions. a. If \(x\) increases by 1 unit, what is the corresponding change in \(y\) ? b. If \(x\) decreases by 2 units, what is the corresponding change in \(y\) ?
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Chapter 1: Problem 11
Given the equation \(y=4 x-3\), answer the following questions. a. If \(x\) increases by 1 unit, what is the corresponding change in \(y\) ? b. If \(x\) decreases by 2 units, what is the corresponding change in \(y\) ?
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Find an equation of the line that satisfies the given condition. $$ \text { The line parallel to the } x \text { -axis and } 6 \text { units below it } $$
Find an equation of the line that satisfies the given condition. The line passing through the origin and parallel to the line passing through the points \((2,4)\) and \((4,7)\)
The amount of corn used in the United States for the production of ethanol is expected to rise steadily as the demand for plant-based fuels continue to increase. The following table gives the projected amount of corn (in billions of bushels) used for ethanol production from 2005 through \(2010(x=1\) corresponds to 2005 ): $$ \begin{array}{lcccccc} \hline \text { Year, } \boldsymbol{x} & 1 & 2 & 3 & 4 & 5 & 6 \\ \hline \text { Amount, } \boldsymbol{y} & 1.4 & 1.6 & 1.8 & 2.1 & 2.3 & 2.5 \\\ \hline \end{array} $$ a. Find an equation of the least-squares line for these data. b. Use the result of part (a) to estimate the amount of corn that will be used for the production of ethanol in 2011 if the trend continues.
For each pair of supply-and-demand equations, where \(x\) represents the quantity demanded in units of 1000 and \(p\) is the unit price in dollars, find the equilibrium quantity and the equilibrium price. $$ p=-2 x+22 \text { and } p=3 x+12 $$
For each demand equation, where \(x\) represents the quantity demanded in units of 1000 and \(p\) is the unit price in dollars, (a) sketch the demand curve and (b) determine the quantity demanded corresponding to the given unit price \(p\). $$ p=-0.4 x+120 ; p=80 $$
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