APPENDIX 1. Graph each of the following sets of numbers. Draw a line through the points and calculate the slope of each line. X 1 2 3 4 5 Y 5 10 15 20 25 2 3 X Y X Y X 1 25 0 0 0 10 10 20 20 30 30 40 40 40 0 20 2 3 15 4 10 5 5 4 Y 40 5 6 X Y X Y 0 0 0.1 100 10 10 30 10 20 20 20 20 30 10 30 10 40 0 0.2 75 0.3 50 0.4 25 0.5 0

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origin On a Cartesian coordinate system,
the point at which the horizontal and vertical
axes intersect. p. 18
X
1
2
3
4
5
1. Graph each of the following sets of numbers. Draw a line
through the points and calculate the slope of each line.
1
Y
5
10
2 20
15
3
15
20
4 10
25 5 5
Price per unit
0
Fastest time for
a 10K race
0
a.
2
X Y
25
d.
▲ FIGURE 1
Quantity of apples purchased
3
4
5
X Y X Y
X Y X
0 0 0
40
0 0 0.1
10
10
10
30
10
10
0.2
20
20
20 20 20 20 0.3
30
30
30
10
0.4
30 10
40 0 0.5
40 40 40
0
PRICE PER
DOZEN
$20
50
25
30
40
APPENDIX
Age
time series graph A graph illustrating how
a variable changes over time. p. 17
QUANTITY OF
ROSES (DOZENS)
30
90
40
50
70
Taxes paid
0
Days of sunshine
0
b.
e.
4. The following table shows the relationship between the price of
a dozen roses and the number of roses sold by Fiona's Flowers.
a. Is the relationship between the price of roses and the num-
ber of roses sold by Fiona's Flowers a positive relationship or
a negative relationship? Explain.
b. Plot the data from the table on a graph, draw a line through
the points, and calculate the slope of the line.
April
May
MONTH
January
February
March
6
Y
100
75
50
25
0
PROBLEMS
2. For each of the graphs in Figure 1, determine whether the curve
has a positive or negative slope. Give an intuitive explanation for
what is happening with the slope of each curve.
3. For each of the following equations, graph the line and calculate
its slope.
a. P= 10-2q (Put qp on the X-axis.)
b. P=100-4qp (Put qp on the X-axis.)
c. P= 50+6qs (Put qs on the X-axis.)
d. I= 10,000-500r (Put I on the X-axis.)
Income
Bushels of corn
per acre
Price
per
unit
34
24
12
CHAPTER 1
0
Mortgage interest rate
20
0
5. Calculate the slope of the demand curve at point A and at point B
in the following figure.
Tons of fertilizer
per acre
0
The Scope and Method of Economics 23
45
f.
Home sales
90
Bushels of corn
per acre
B
Demand
140 Quantity
Transcribed Image Text:origin On a Cartesian coordinate system, the point at which the horizontal and vertical axes intersect. p. 18 X 1 2 3 4 5 1. Graph each of the following sets of numbers. Draw a line through the points and calculate the slope of each line. 1 Y 5 10 2 20 15 3 15 20 4 10 25 5 5 Price per unit 0 Fastest time for a 10K race 0 a. 2 X Y 25 d. ▲ FIGURE 1 Quantity of apples purchased 3 4 5 X Y X Y X Y X 0 0 0 40 0 0 0.1 10 10 10 30 10 10 0.2 20 20 20 20 20 20 0.3 30 30 30 10 0.4 30 10 40 0 0.5 40 40 40 0 PRICE PER DOZEN $20 50 25 30 40 APPENDIX Age time series graph A graph illustrating how a variable changes over time. p. 17 QUANTITY OF ROSES (DOZENS) 30 90 40 50 70 Taxes paid 0 Days of sunshine 0 b. e. 4. The following table shows the relationship between the price of a dozen roses and the number of roses sold by Fiona's Flowers. a. Is the relationship between the price of roses and the num- ber of roses sold by Fiona's Flowers a positive relationship or a negative relationship? Explain. b. Plot the data from the table on a graph, draw a line through the points, and calculate the slope of the line. April May MONTH January February March 6 Y 100 75 50 25 0 PROBLEMS 2. For each of the graphs in Figure 1, determine whether the curve has a positive or negative slope. Give an intuitive explanation for what is happening with the slope of each curve. 3. For each of the following equations, graph the line and calculate its slope. a. P= 10-2q (Put qp on the X-axis.) b. P=100-4qp (Put qp on the X-axis.) c. P= 50+6qs (Put qs on the X-axis.) d. I= 10,000-500r (Put I on the X-axis.) Income Bushels of corn per acre Price per unit 34 24 12 CHAPTER 1 0 Mortgage interest rate 20 0 5. Calculate the slope of the demand curve at point A and at point B in the following figure. Tons of fertilizer per acre 0 The Scope and Method of Economics 23 45 f. Home sales 90 Bushels of corn per acre B Demand 140 Quantity
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