Microeconomics: Principles & Policy
14th Edition
ISBN: 9781337794992
Author: William J. Baumol, Alan S. Blinder, John L. Solow
Publisher: Cengage Learning
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Chapter 1.A, Problem 4TY
To determine
To calculate the values of X and Y for two different points on the graph.
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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'.
In 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′.
The line in the graph shows a relationship between two variables, x and y.
What is the slope of the curve?
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The slope of the curve is
>>> If the slope is negative, use a minus sign. If the slope is positive, do not use a plus
sign.
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Chapter 1 Solutions
Microeconomics: Principles & Policy
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- don't use Al bot or chat GPT otherwise downvote.correct answer will get instant upvotearrow_forwardThe following graph contains four lines (A, B, C and D), each of which has a slope that is either positive, negative, zero, or infinite. Y-axisX-axisBDCA For each of the following scenarios, indicate whether the relationship between the two variables is positive or negative, as well as which line on the previous graph has a slope that reflects this type of relationship. Hint: The X-axis and Y-axis on the graph are not labeled intentionally. You need to substitute the variables from each scenario for the horizontal and vertical axis. For example, in the first scenario, X-axis should be labeled “ ice-cream" and Y-axis should be labeled "The temperature". Scenario Relationship Line As the temperature rises, the demand for ice-cream rises. Negative As the temperature rises, the demand for hot cocoa falls. Positive As the temperature falls, the demand for popsicles falls. Negative True or False: Line B has a slope of infinity.…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
- 8arrow_forwardThe following graph contains four lines (A, B, C and D), each of which has a slope that is either positive, negative, zero, or infinite. For each of the following scenarios, indicate whether the relationship between the two variables is positive or negative, as well as which line on the previous graph has a slope that reflects this type of relationship. Hint: The X-axis and Y-axis on the graph are not labeled intentionally. You need to substitute the variables from each scenario for the horizontal and vertical axis. For example, in the first scenario, X-axis should be labeled “ The average grade received" and Y-axis should be labeled "The number of hours spent studying". Scenario: As the number of hours spent studying rises, the average grade received rises. Relationship: Positive or Negative Line: A, B, C, or D? Scenario: As the number of hours spent watching TV rises, the average grade received falls. Relationship: Positive or Negative Line: A, B, C, or D? Scenario: As the…arrow_forward1…8arrow_forward
- In 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_forwardHow do I calculate the slope of a curve?arrow_forwardConsider the function Y5X03203, where X and Z are both greater than or equal to zero. Complete the following table by calculating the value of Y for each set of values for X and Z. X 16 18 1 8 20 16 14 N 10 6 Use the blue curve (circle symbols) to graph the values from the previous table that correspond to the contour line when Y=20. Use the green curve (triangle symbols) to graph the values from the previous table that correspond to the contour line when ya 30. Finally, use the purple curve (diamond symbols) to graph the values from the previous table that correspond to the contour line when y=40. 5 4 2 z 16 6 D 4 1 1 16 8 18 Y 0 0 10 X 12 14 10 10 20 Contour Line Y 20 N Contour Line Y 30 B Contour Line Y 40arrow_forward
- For each of the following scenarios, indicate whether the relationship between the two variables is positive or negative, as well as which line on the previous graph has a slope that reflects this type of relationship. Hint: The X-axis and Y-axis on the graph are not labeled intentionally. You need to substitute the variables from each scenario for the horizontal and vertical axis. For example, in the first scenario, X-axis should be labeled “ ice-cream" and Y-axis should be labeled "The temperature". Relationship options: positive, negative Line options: A, B, C, D True or False: Line D has a slope of infinity.arrow_forwardDraw the graph of U = q1 + aq2 and U= q1^2 + q2^2. Interpret the parameter and shape of the curve.arrow_forwardOn a graph, a positive linear relationship moves down from left to right. This statement is right or wrong? WHY?arrow_forward
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