Chapter 1: Problem 35
Find an equation of the line that has slope \(m\) and \(y\) -intercept \(b\). $$ m=3 ; b=4 $$
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Chapter 1: Problem 35
Find an equation of the line that has slope \(m\) and \(y\) -intercept \(b\). $$ m=3 ; b=4 $$
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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. $$ 2 x+7 p-56=0 \text { and } 3 x-11 p+45=0 $$
The demand equation for the Sicard wristwatch is $$ p=-0.025 x+50 $$ where \(x\) is the quantity demanded per week and \(p\) is the unit price in dollars. Sketch the graph of the demand equation. What is the highest price (theoretically) anyone would pay for the watch?
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 \(p\). $$ 5 p+4 x-80=0 ; p=10 $$
For wages less than the maximum taxable wage base, Social Security contributions by employees are \(7.65 \%\) of the employee's wages. a. Find an equation that expresses the relationship between the wages earned \((x)\) and the Social Security taxes paid \((y)\) by an employee who earns less than the maximum taxable wage base. b. For each additional dollar that an employee earns, by how much is his or her Social Security contribution increased? (Assume that the employee's wages are less than the maximum taxable wage base.) c. What Social Security contributions will an employee who earns \(\$ 65,000\) (which is less than the maximum taxable wage base) be required to make?
Write the equation in the slopeintercept form and then find the slope and \(y\) -intercept of the corresponding line. $$ 2 x+4 y=14 $$
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