Chapter 1: Problem 46
Find an equation of the line that passes through the point \((-1,3)\) and is parallel to the line passing through the points \((-2,-3)\) and \((2,5)\)
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Chapter 1: Problem 46
Find an equation of the line that passes through the point \((-1,3)\) and is parallel to the line passing through the points \((-2,-3)\) and \((2,5)\)
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The relationship between temperature measured in the Celsius scale and the Fahrenheit scale is linear. The freezing point is \(0^{\circ} \mathrm{C}\) and \(32^{\circ} \mathrm{F}\), and the boiling point is \(100^{\circ} \mathrm{C}\) and \(212^{\circ} \mathrm{F}\). a. Find an equation giving the relationship between the temperature \(F\) measured in the Fahrenheit scale and the temperature \(C\) measured in the Celsius scale. b. Find \(F\) as a function of \(C\) and use this formula to determine the temperature in Fahrenheit corresponding to a temperature of \(20{ }^{\circ} \mathrm{C}\). c. Find \(C\) as a function of \(F\) and use this formula to determine the temperature in Celsius corresponding to a temperature of \(70^{\circ} \mathrm{F}\).
Find an equation of the line that passes through the point \((-2,2)\) and is parallel to the line \(2 x-4 y-8=0\).
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. $$ p=-0.3 x+6 \text { and } p=0.15 x+1.5 $$
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.
Determine whether the statement is true or false. If it is true, explain why it is true. If it is false, give an example to show why it is false. If \(p=m x+b\) is a linear demand curve, then it is generally true that \(m<0\).
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