The slope determines if the function is an
increasing linear function , a
decreasing linear function , or a constant function.
Deciding whether a function is increasing, decreasing, or constant
Some recent studies suggest that a teenager sends an average of 60 texts per day.
http://www.cbsnews.com/8301-501465_162-57400228-501465/teens-are-sending-60-texts-a-day-study-says/ For each of the following scenarios, find the linear function that describes the relationship between the input value and the output value. Then, determine whether the graph of the function is increasing, decreasing, or constant.
The total number of texts a teen sends is considered a function of time in days. The input is the number of days, and output is the total number of texts sent.
A teen has a limit of 500 texts per month in his or her data plan. The input is the number of days, and output is the total number of texts remaining for the month.
A teen has an unlimited number of texts in his or her data plan for a cost of $50 per month. The input is the number of days, and output is the total cost of texting each month.
Analyze each function.
The function can be represented as
where
is the number of days. The slope, 60, is positive so the function is increasing. This makes sense because the total number of texts increases with each day.
The function can be represented as
where
is the number of days. In this case, the slope is negative so the function is decreasing. This makes sense because the number of texts remaining decreases each day and this function represents the number of texts remaining in the data plan after
days.
The cost function can be represented as
because the number of days does not affect the total cost. The slope is 0 so the function is constant.
In the examples we have seen so far, we have had the slope provided for us. However, we often need to calculate the
slope given input and output values. Given two values for the input,
and
and two corresponding values for the output,
and
—which can be represented by a set of points,
and
—we can calculate the slope
as follows
where
is the vertical displacement and
is the horizontal displacement. Note in function notation two corresponding values for the output
and
for the function
and
so we could equivalently write
[link] indicates how the slope of the line between the points,
and
is calculated. Recall that the slope measures steepness. The greater the absolute value of the slope, the steeper the line is.
The slope of a function is calculated by the change in
divided by the change in
It does not matter which coordinate is used as the
and which is the
as long as each calculation is started with the elements from the same coordinate pair.
Questions & Answers
Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from
Qd 120 3P
to
Qd 90 3P
and the supply function has shifted from
QS
20 2P
to
QS
10 2P .
a) Find the effect of this change on price and quantity.
b) Which of the changes in demand and supply is higher?
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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