On the following graph, place the green line (triangle symbol) directly on top of the upward-sloping line you are given. Hint: Make sure you plot the green line at the grid lines. 7. Line 1 6. Line 2 16 18 20 6 8 QUANTITY (Thousands of boxes) 2 4. 10. 12 14 rue or False: The vertical intercept of the line will always be a snap point. True False PRICE (Dollars per box)

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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On the following graph, place the green line (triangle symbol) directly on top of the upward-sloping line you are given.
Hint: Make sure you plot the green line at the grid lines.
Line 1
Line 2
14
16
18
20
4 6 8
10. 12
QUANTITY (Thousands of boxes)
True or False: The vertical intercept of the line will always be a snap point.
True
False
PRICE (Dollars per box)
Transcribed Image Text:On the following graph, place the green line (triangle symbol) directly on top of the upward-sloping line you are given. Hint: Make sure you plot the green line at the grid lines. Line 1 Line 2 14 16 18 20 4 6 8 10. 12 QUANTITY (Thousands of boxes) True or False: The vertical intercept of the line will always be a snap point. True False PRICE (Dollars per box)
Adjusting lines
Once you have placed a line on the graph, you can move the entire object without changing the slope by selecting any part of the line other than the
control points, and then dragging it up, down, left, or right to the desired location., To remove the line from the graph entirely, you can select either a
control point or the line itself and drag it off the graph.
Place the purple line (diamond symbol), labeled Line 2, on top of Line 1. Then, without selecting the control points, shift Line 2 up by $1 at every
quantity.
Understanding graph grading
After you hit the Check Answer button, each palette icon will be marked with either a green check or a red X, indicating whether that object was
placed correctly or incorrectly on the graph. In addition to the standard explanations that appear for all questions, a correct version of the graph will
also appear next to each graph you constructed. Select this graph (labeled Correct Answer) to swap its position with that of the graph you submitted
and to see an enlarged version of it. To switch back to the view with your graded graph being enlarged, select the smaller graph now labeled Your
Answer.
Note: Not all graphs are graded, some are simply glven to you to assist with answering the rest of the question. Unless the instructions tell you that a
particular graph is not graded, assume that it will be graded.
Which of the following statements regarding the graphs tool are correct? Check all that apply.
The correct version of a graded graph will appear after you place the final element on the graph,
O All graphs contain at least one graded element.
Once you select the Correct Answer graph, you can return to the view where Your Answer is larger by selecting the Your Answer graph.
Transcribed Image Text:Adjusting lines Once you have placed a line on the graph, you can move the entire object without changing the slope by selecting any part of the line other than the control points, and then dragging it up, down, left, or right to the desired location., To remove the line from the graph entirely, you can select either a control point or the line itself and drag it off the graph. Place the purple line (diamond symbol), labeled Line 2, on top of Line 1. Then, without selecting the control points, shift Line 2 up by $1 at every quantity. Understanding graph grading After you hit the Check Answer button, each palette icon will be marked with either a green check or a red X, indicating whether that object was placed correctly or incorrectly on the graph. In addition to the standard explanations that appear for all questions, a correct version of the graph will also appear next to each graph you constructed. Select this graph (labeled Correct Answer) to swap its position with that of the graph you submitted and to see an enlarged version of it. To switch back to the view with your graded graph being enlarged, select the smaller graph now labeled Your Answer. Note: Not all graphs are graded, some are simply glven to you to assist with answering the rest of the question. Unless the instructions tell you that a particular graph is not graded, assume that it will be graded. Which of the following statements regarding the graphs tool are correct? Check all that apply. The correct version of a graded graph will appear after you place the final element on the graph, O All graphs contain at least one graded element. Once you select the Correct Answer graph, you can return to the view where Your Answer is larger by selecting the Your Answer graph.
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