Macroeconomics
21st Edition
ISBN: 9781259915819
Author: McConnell
Publisher: MCG
expand_more
expand_more
format_list_bulleted
Question
Chapter 1.A, Problem 2ARQ
To determine
Dependent variable and independent variable.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
According to the following given information how to determine:
Production
Times
(months)
1
9 10
11 12 13 14 15
product of
970 1,180 1,239 1,293 1,350 1,398 1,410 1,480 1,492 1,500 1,520 1,592 1,605 1,660 1,685
(Z unit)
A) Break Even-point or points?
B) How is to construct the relationship between entire variables through the simple drawing for
all above figures and highlighting of Break Even point the drawing?
C) Justify your final answer for each line of production.
Erin grows pecans. The number of bushels (B) that she can produce depends on the number of inches of rainfall (R) that her orchards get. The relationship is given algebraically as follows: B = 3,000 + 800R. Match each part of this equation with the correct term. B slope 3,000 dependent variable 800 vertical intercept R independent variable
The 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.…
Chapter 1 Solutions
Macroeconomics
Ch. 1.2 - Prob. 1QQCh. 1.2 - Prob. 2QQCh. 1.2 - Prob. 3QQCh. 1.2 - Prob. 4QQCh. 1.A - Briefly explain the use of graphs as a way to...Ch. 1.A - Prob. 2ADQCh. 1.A - Prob. 3ADQCh. 1.A - Prob. 1ARQCh. 1.A - Prob. 2RQCh. 1.A - Prob. 2ARQ
Ch. 1.A - Prob. 1APCh. 1.A - Prob. 2APCh. 1.A - Prob. 3APCh. 1.A - Prob. 4APCh. 1.A - Prob. 5APCh. 1.A - Prob. 6APCh. 1.A - Prob. 7PCh. 1.A - Prob. 7APCh. 1.A - Prob. 8PCh. 1.A - Prob. 8APCh. 1 - Prob. 1DQCh. 1 - Prob. 2DQCh. 1 - Prob. 3DQCh. 1 - Prob. 4DQCh. 1 - Prob. 5DQCh. 1 - Prob. 6DQCh. 1 - Prob. 7DQCh. 1 - Prob. 8DQCh. 1 - Prob. 9DQCh. 1 - Prob. 10DQCh. 1 - Prob. 11DQCh. 1 - Prob. 1RQCh. 1 - Prob. 2RQCh. 1 - Prob. 3RQCh. 1 - Prob. 4RQCh. 1 - Prob. 5RQCh. 1 - Prob. 6RQCh. 1 - Prob. 7RQCh. 1 - Prob. 1PCh. 1 - Prob. 2PCh. 1 - Prob. 3PCh. 1 - Prob. 4PCh. 1 - Prob. 5PCh. 1 - Prob. 6PCh. 1 - Prob. 7PCh. 1 - Prob. 8P
Knowledge Booster
Similar questions
- K Write an equation in slope-intercept form for the line described. x-intercept 3, y-intercept 8arrow_forwardVariable Y 18 A A B 6 6 9 12 15 18 Variable X 15 12 6 3 O 3 لیا Refer to the provided graph. The slope of the line tangent to the curve at point B isarrow_forwardU t of estion English (en) Variable Y 24 20 16 12 8 4 O a. y = 8 - 2x. O b. x = 8 + 0.5y. O c. y = 8 + 2x. O d. (3) y = 8 + 0.5x. (1) + + 0 2 4 6 8 10 12 14 16 18 Variable X The linear equation for line (1) on the provided graph is (2)arrow_forward
- Find the slope between point And B and write with formulaarrow_forwardAccording to the following given information how to determine: 12 3 4 5 6 7 8 9 10 11 11 12 13 12 13 14 15 970 1,180 1,239 1,293 1,350 1,398 1,410 1,480 1,492 1,500 1,520 1,592 1,605 1,660 1,685 A) Break Even-point or points? B) How is to construct the relationship between entire variables through the simple drawing for all above figures and highlighting of Break Even point the drawing? C) Justify your final answer for each line of production. Production Times (months) product of (Z unit)arrow_forwardCompute for the slope based on the illustrated results. What is the implication of the result?arrow_forward
- Y Score on Economics Final Exam 100 75 50 25 A 0 5 10 Hours of Study How would you describe the relationship shown in the graph? A Linear Direct Relationship B A Linear Inverse Relationship A Linear Independant Relationship C A Nonlinear Infinite Relationship D 15 20 Xarrow_forwardThe line in the graph shows a relationship between two variables, x and y. What is the slope of the curve? ... 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. 8 7 5- 4- 3- 2- 1- 0- y 0 1 2 3 4arrow_forwardWhat is the difference between arithmetic and geometric gradient?arrow_forward
- 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? °Farrow_forward1. Solve the following problem by using Excel for graph sketching. A soda vendor at Louisiana State University football games observes that more sodas are sold the warmer the temperature at game time is. Based on 32 home games covering five years, the vendor estimates the relationship between soda sales and temperature to be y = -240 + 8x, where y = the number of sodas she sells and .x = temperature in degrees Fahrenheit, (a) Interpret the estimated slope and intercept. Do the estimates make sense? Why, or why not? (b) On a day when the temperature at game time is forecast to be 80°F, predict how many sodas the vendor will sell. (c) Below what temperature are the predicted sales zero? (d) Sketch a graph of the estimated regression line.arrow_forwardDraw a graph of a relationship that has a minimum y- value of 1 when the X-value is 5. y 9- Use the point tool to plot the minimum point of the relationship. Now use the 3-point curve tool to draw a curve that shows a minimum value at this point. 5- 4- 3- 10 11 12 (1,0) >>> Draw only the objects specified in the question.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
