Chapter 1: Problem 69
Determine whether the points lie on a straight line. $$ A(-2,1), B(1,7), \text { and } C(4,13) $$
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Chapter 1: Problem 69
Determine whether the points lie on a straight line. $$ A(-2,1), B(1,7), \text { and } C(4,13) $$
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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 ?
For each supply equation, where \(x\) is the quantity supplied in units of 1000 and \(p\) is the unit price in dollars, (a) sketch the supply curve and (b) determine the number of units of the commodity the supplier will make available in the market at the given unit price. $$ 3 x-4 p+24=0 ; p=8 $$
The annual sales (in billions of dollars) of global positioning systems (GPS) equipment from 2000 through 2006 are shown in the following table \((x=0\) corresponds to 2000\()\) : $$ \begin{array}{lccccccc} \hline \text { Year, } \boldsymbol{x} & 0 & 1 & 2 & 3 & 4 & 5 & 6 \\ \hline \text { Annual Sales, } \boldsymbol{y} & 7.9 & 9.6 & 11.5 & 13.3 & 15.2 & 17 & 18.8 \\ \hline \end{array} $$
Consider the slope-intercept form of a straight line \(y=\) \(m x+b\). Describe the family of straight lines obtained by keeping a. the value of \(m\) fixed and allowing the value of \(b\) to vary. b. the value of \(b\) fixed and allowing the value of \(m\) to vary.
The quantity demanded of a certain brand of DVD player is \(3000 /\) wk when the unit price is \(\$ 485\). For each decrease in unit price of \(\$ 20\) below \(\$ 485\), the quantity demanded increases by 250 units. The suppliers will not market any DVD players if the unit price is \(\$ 300\) or lower. But at a unit price of \(\$ 525\), they are willing to make available 2500 units in the market. The supply equation is also known to be linear. a. Find the demand equation. b. Find the supply equation. c. Find the equilibrium quantity and price.
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