Bundle: Macroeconomics, 13th + Aplia, 1 Term Printed Access Card
13th Edition
ISBN: 9781337742375
Author: Roger A. Arnold
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter A, Problem 6QP
To determine
Special characteristics of a 45-degree line.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
What is the difference between arithmetic and geometric gradient?
In the accompanying graph, is the slope of curve A A' positive or negative? Does the slope increase or decrease as we move along the curve from A to A'? Answer the same two questions for curve BB'.
On a graph, a positive linear relationship moves down from left to right. This statement is right or wrong? WHY?
Chapter A Solutions
Bundle: Macroeconomics, 13th + Aplia, 1 Term Printed Access Card
Knowledge Booster
Similar questions
- In a curved line, the value of the slope differs along the curve. True Falsearrow_forwardIn the accompanying graph, is the slope of curve AA' positive or negative? Does the slope increase or decrease as we move along the curve from A to A'? Answer the same two questions for curve BB' B A' B a. The slope of AA' is (Click to select) b. As we move from A to A' the slope [(Click to select) c. The slope of BB' is (Click to select) d. As we move from B to B' the slope (Click to select)arrow_forwardSLOPE OF A LINE 1. Compute the slope between points B and D. 2. Interpret/Explain descriptively the slope of the line as shown on the graph. What is the nature of the relationship between the two goods in terms of purchases? 3. What is the price per unit of the food? What is the price per unit of the clothing? Help me with this one, please. Thank you.arrow_forward
- Explain "Okun's Law" by using data and draw a scatter diagram?arrow_forwardCH SESSION 1.2: SELF-ASSESSMENT EXERCISE 1. Briefly explain the use of graphs as a way to represent economic relationships. What is an inverse relationship? How does it graph? What is direct relationship? How does it graph? 2. Graph each of the following sets of numbers in table 2 below. Draw a line through the points and calculate the slope of each line. 2X4 1 2 3 1 Y 5 10 20 X 0 5 20 2 Y 0 5 10 20 X 1 2 3 3 Y 25 20 15 X 0.1 0.3 Y 100 75 50 25 Table 2 3. For each of the graphs in table 2 above, determine whether the curve has a positive or a negative slope. Give an intuitive explanation for what is happening with the slope of each curve. ICON 1000 Principles of Economics I- UNIT 1 11arrow_forward6arrow_forward
- The table gives information about the relationship between two variables, x and y. The relationship between x and y is ______ and the slope of the relationship ______ as x increases. x 2 4 6 8 10 y 196 192 188 184 180arrow_forwardPlease help me make this a grapharrow_forwardBriefly explain the use of graphs as a way to represent economic relationships. What is an inverse relationship? How does it graph? What is a direct relationship? How does it graph? Graph and explain the relationships you would expect to find between ( a ) the number of inches of rainfall per month and the sale of umbrellas, ( b) the amount of tuition and the level of enrollment at a university, and (c ) the popularity of an entertainer and the price of her concert tickets. In each case cite and explain how variables other than those specififi cally mentioned might upset the expected relationship. Is your graph in previous part b consistent with the fact that, historically, enrollments and tuition have both increased? If not, explain any difference.arrow_forward
- y 0 A only A and D only A, B, and D E both C and E C D A B Refer to the diagram. Which line(s) show(s) a positive relationship between x and y? Xarrow_forwardBriefly explain the use of graphs as a way to represent economic relationships. What is an inverse relationship? How does it graph? What is a direct relationship? How does it graph?arrow_forwardStores commonly offer a cheaper unit price for large quantity purchases. Quantity Unit Price 100.00 80.00 70.00 50.00 40.00 Down 1 2 5 10 20 B P a. Make a graph of the data large enough to include a quantity of 30 (use graph paper, label completely, and choose the correct axis for the independent (x) and dependent (y) variables). b. Find the slope between quantities 1 and 2. Explain the meaning of the slope in context. The slope is which means Select an answer c. Find the slope between quantities 5 and 10. d. Add a trend line to the graph. e. Estimate the unit price for a quantity of 30 to the nearest dollar. S f. Estimate the quantity for a unit price of $44 to the nearest unit. unitsarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Economics (MindTap Course List)EconomicsISBN:9781337617383Author:Roger A. ArnoldPublisher:Cengage Learning
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning