Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

1. For the straight line y = -2x + 3, what are: 
a) the slope = -2

b) the y-intercept? =3 

2345_Equation of a Straight Line.png

2. The equation of the straight line shown in the diagram is  ( y = (½)x - 2 

1656_Equation of a Straight Line1.png

First find the Slope or Gradient (these are two names for the same thing):

Slope = change in y / change in x = 2/4 = 1/2

So m = ½

Now find the y-intercept:

y-intercept = -2

So b = -2

The general equation of a straight line is y = mx + b

So the given line has equation y = (½)x - 2

3. What is the equation of the following line?

y = 0.75x + 2From the graph we can see m = rise/run = 3/4 = 0.75 and b is the y-intercept, so b = 2

Substitute into y = mx + b

447_Equation of a Straight Line2.png

Therefore y = 0.75x + 2 

4. The equation of the graph y= -4+2

From the graph we can see m = rise/run = -4/1 = -4 and b is the y-intercept, so b = 2

1529_Equation of a Straight Line8.png

Substitute into y = mx + b

Therefore y = -4x + 2; 

5. For the straight line x = 2y - 3, what are: 

a) the slope

b) the y-intercept?

From the graph we can see m = rise/run = -4/1 = -4 and b is the y-intercept, so b = 2

Substitute into y = mx + b

Therefore y = -4x + 2

6. What is the equation of the straight line shown in the diagram is y  = -4/3x-4

First find the Slope (also called the Gradient):

Slope = (change in y) / (change in x) = -4/3

Now find the y-intercept:

y-intercept = -4

So b = -4

The general equation of a straight line is y = mx + b

515_Equation of a Straight Line4.png

So the given line has equation 

y = -4/3x - 4

7. What is the equation of the straight line shown in the diagram?

The straight line passes through ... (-5, 4), (-4, 4), (-3, 4), (-2, 4), (-1, 4), (0, 4), (1, 4), (2, 4), (3, 4), (4, 4), (5, 4) ...

Every point on the line has y coordinate equal to 4

Therefore the equation of the line is y = 4

8. What is the equation of the straight line shown in the diagram? x = -3 The straight line passes through ... (-3, 5), (-3, 4), (-3, 3), (-3, 2), (-3, 1), (-3, 0), (-3, -1), 
(-3, -2), (-3, -3), (-3, -4), (-3, -5) ...

Every point on the line has x coordinate equal to -3

819_Equation of a Straight Line5.png

 

So the equation of the line is x = -3

9. What is the equation shown in the diagram? of the straight line y = 3x - 5

619_Equation of a Straight Line6.png

First find the Slope (also called the Gradient):

Slope = (change in y) / (change in x) = 6/2 = 3

So m = 3

Now find the y-intercept:

y-intercept = -5

So b = -5

The general equation of a straight line is y = mx + b 
So the given line has equation y = 3x - 5

10.  What is the equation of the straight line shown in the diagram y = -0.6x + 2.5 

359_Equation of a Straight Line7.png

First find the Slope (also called the Gradient):

Slope = (change in y) / (change in x) = -3/5 = -0.6

So m = -0.6

Now find the y-intercept:

y-intercept = 2.5

So b = 2.5

The general equation of a straight line is y = mx + b

So the given line has equation y = -0.6x + 2.5

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91247731

Have any Question?


Related Questions in Microeconomics

Question answer all of the bulleted question related to the

Question: Answer all of the bulleted question related to the esay question on the the goverment budget. It's ok to use the outside source for the question, but please cite the source properly. ( write about one or two pa ...

Question a firm has a fixed production cost of 5 000 and a

Question: A firm has a fixed production cost of 5, 000 and a constant marginal cost of production of 500 per unit produced. a) What is the firms total cost function? Average cost? b) If the firm wanted to minimize the av ...

Question imagine that there is an adverse supply shock draw

Question: Imagine that there is an adverse supply shock. Draw a graph depicting the adverse supply shock, and explain what it means for an economy (in terms of prices and output). The response must be typed, single space ...

Question do two variations on the tycoon problem with 100

Question: Do two variations on the tycoon problem with 100 firms. In the first, all numbers are the same as in the text, except the probability that a company is good is now .4 instead of .6. How many winner firms will b ...

Question based on your reading of the first two chapters of

Question: Based on your reading of the first two chapters of the text, focus in on one of the main concepts covered (e.g., scarcity, ceterus pariubus, association vs. causation, opportunity cost, marginal analysis, etc.) ...

Question describe the jobs of different types of

Question: Describe the jobs of different types of salespeople and list the characteristics of successful salespeople; Identify a characteristic that you personally need to develop to be a successful salesperson, should y ...

Question oil prices have risen temporarily due to political

Question: Oil prices have risen temporarily, due to political uncertainty in the Middle East. An advisor to the Fed suggests, "Higher oil prices reduce aggregate demand. To offset this we must increase the money supply. ...

Question your company is considering whether to retain the

Question: Your company is considering whether to retain the highest-quality raw materials supplier available. Assuming that it really is the best supplier, does this ensure that you will make an economic profit? Explain. ...

Question now that you have gained a good understanding of

Question: Now that you have gained a good understanding of the theoretical basis and the pre modern evolution and application of economic systems central to the rise of Western Civilization. How did economic growth and t ...

Question from late 1998 to mid-2000 benchmark crude oil

Question: From late 1998 to mid-2000, benchmark crude oil prices tripled, from $10 to $30/bbl. The US uses approximately 18 million barrels of oil per day, or about 7 billion barrels per year, so consumers directly and i ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As