Suppose the relationship between the government's tax revenue (T) and national income (Y) is represented by the equation T=10+0.25Y. Plot this relationship on a scale diagram, with Y on the horizontal axis and T on the vertical axis. Interpret the equation.
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Suppose the relationship between the government's tax revenue (T) and
Plot this relationship on a scale diagram, with Y on the horizontal axis and T on the vertical axis. Interpret the equation.
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- Suppose the relationship between the government's tax revenue (T) and national income (Y) is represented by the equation T = 30 +0.5Y. Plot this relationship on a scale diagram, with Y on the horizontal axis and T on the vertical axis. Interpret the equation. Use the line drawing tool to draw the equation. Make sure to plot the vertical axis as one endpoint of the line. Properly label this line. Carefully follow the instructions above, and only draw the required objects.Your boss would like your help on a marketing research project she is conducting on the relationship between the price of soda and the quantity of soda demanded. She hands you the following document: Price of Soda Quantity of Soda Demanded (Dollars per can) (Billions of cans) 0.50 2,000 0.75 1,500 1.00 1,000 1.25 750 Your task is to take this and construct a graphical representation of the data. In doing so, you determine that as the price of soda rises, the quantity of soda demanded decreases. This confirms theYpsilanti Market Research conducted a survey to find out whether people who earn more money purchase more expensive goods. The following graph indicates the relationship between income the survey subjects earned and the price of the car that they purchased. The variable shown on the vertical axis is __________ (options: thousands of dollars per car, thousands of dollars per year, income, thousands of dollars, price, number of goods). The units for the variable on the horizontal axis are _________ (options: thousands of dollars per car, thousands of dollars per year, income, thousands of dollars, price, number of goods). There are two ways to view the information presented on the graph. First, the graph tells us the amount a person with a certain income is likely to spend on a car, and second, it tells us the probable income of a person who spent a certain amount on a car. For example, if an individual earned $50,000 last year and purchased a new car, you would expect that person to…
- What is the slope of the line to the equation P=30−1/2Q?An economic researcher has been asked to determine the relationship between a proposed local sales tax on beef and local tax revenues. He has estimated that the maximum tax revenue will occur at a tax rate of 6%, which will yield tax revenues of $5,000. Using the 3-point curved line drawing tool, show the approximate relationship between tax rates and tax revenues, as based on this research. Label the curve 'Laffer'. Carefully follow the instructions above, and only draw the required objects. Tax Revenues (thousands) 10₁ 9- 1- 0- 0 1 2 3 4 5 6 7 Sales Tax Rate (%) 8 9 10Use the graph to determine the units of the slope and the ?y‑intercept.
- Write the equations of the vertical and horizontal lines through the point (- 1.8, - 3.6). The equation of the vertical line is (Type an equation.)The outside temperature can be estimated based on how fast crickets chirp. At 104 chirps per minute, the temperature is 63 °F. At 176 chirps per minute, the temperature is 81 °F. Using this information, you can make a formula that relates chirp rate to temperature. Assume the relationship is linear, that is the points form a straight line when plotted on a graph. What is the temperature if you hear 128 chirps per minute? °F What is the temperature if you hear 72 chirps per minute? °FThis graph shows the seasonal factor taken out of the series after performing the decomposition. Describe the pattern. Use 2-3 sentences.
- A sailing regatta hosted by Royal Yacht Club initially had 40 participants sign up which generated $350 for the yacht club. Another 70 participants (now a total of 110) signed up before the deadline which generated a grand total of $1750 for the yacht club. Write a graph linear equation to model the money earned in terms of the number of participants in the regatta.The following bar chart shows the annual marketing expenditure (in ?) of ABC Electronics. Marketing costs of ABC Electronics (in lakhs of rupees) 20 18 15 12.9 10 9.8 6.7 5 4.4 2007 2008 2009 2010 2011 Variables In the above bar chart, the data of marketing expenditure would be categorised under which of the following types of variable? a) Discrete variable b) Continuous variable c) Dependent variable d) Intervening variableJamaica France Economic Growth Unemployment Rate Economic Growth Unemployment Rate 1.38 13.19 1.1 10.04 1 11.63 2.29 9.41 1.89 9.1 1.79 9.02 0.89 7.72 1.51 8.44 -10.20 8.4 -8.11 8.62 Plot a line graph for the table above which will be presented on one chart for two different countries
