Chapter 1: Problem 31
Find an equation of the line that passes through the given points. $$ (2,4) \text { and }(3,7) $$
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Chapter 1: Problem 31
Find an equation of the line that passes through the given points. $$ (2,4) \text { and }(3,7) $$
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Find an equation of the line that satisfies the given condition. $$ \text { The line parallel to the } x \text { -axis and } 6 \text { units below it } $$
Determine whether the points lie on a straight line. $$ A(-1,7), B(2,-2), \text { and } C(5,-9) $$
Suppose the demand-and-supply equations for a certain commodity are given by \(p=a x+b\) and \(p=c x+d\), respectively, where \(a<0, c>0\), and \(b>d>0\) (see the accompanying figure). a. Find the equilibrium quantity and equilibrium price in terms of \(a, b, c\), and \(d\). b. Use part (a) to determine what happens to the market equilibrium if \(c\) is increased while \(a, b\), and \(d\) remain fixed. Interpret your answer in economic terms. \(\mathbf{c}\). Use part (a) to determine what happens to the market equilibrium if \(b\) is decreased while \(a, c\), and \(d\) remain fixed. Interpret your answer in economic terms.
Use the results of Exercise 63 to find an equation of a line with the \(x\) - and \(y\) -intercepts. $$ x \text { -intercept } 3 ; y \text { -intercept } 4 $$
Since the founding of the Equal Employment Opportunity Commission and the pas- sage of equal-pay laws, the gulf between men's and women's earnings has continued to close gradually. At the beginning of \(1990(t=0)\), women's wages were \(68 \%\) of men's wages, and by the beginning of \(2000(t=10)\), women's wages were \(80 \%\) of men's wages. If this gap between women's and men's wages continued to narrow linearly, then women's wages were what percentage of men's wages at the beginning of 2004 ?
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