What is the equation for line a

Assignment Help Microeconomics
Reference no: EM131023387

Quiz 0-

1. In 1993 Karen's Pizza sold 125 million pizzas. In 1994 the company sold 100 million pizzas. In 1995 they sold 75 million pizzas. Using this information one can say that:

a. There was a 25% decrease in sales from 1993 to 1994 and a 25% decrease in sales from 1994 to 1995.

b. There was a 50% decrease in sales between 1993 and 1995.

c. There was a 25% decrease in sales between 1993 and 1994 and a 20% decrease in sales between 1994 and 1995.

d. There was a 20% decrease in sales between 1993 and 1994 and a 25% decrease in sales between 1994 and 1995.

2. For each of the following equations find the requested information.

a. P = 10 - 100 W where W is the variable measured on the y-axis.

Slope = ______________

Y- Intercept = _________

b. Q = 20 + (1/2)R where Q is the variable measured on the y-axis.

Slope = ______________

X- Intercept = __________

c. M = 15 - (1/3)J where J is the variable measured on the y-axis.

Slope = _______________

Y - Intercept = _________

Use the following information to answer the next three questions.

Suppose there are two straight lines: line A and line B. Line A's slope is equal to 2 and the point (X, Y) = (10, 20) sits on this line. Line B has a y-intercept of 10 and an x-intercept of 10.

3. What is the equation for line A? Show your work.

4. What is the equation for line B? Show your work.

5. Graph the two lines that you found for parts 3 and 4 on the same graph with X measured on the horizontal axis and Y measured on the vertical axis.  Be careful to label the intercepts correctly.

6. Fill in the blank for the following numerals. If the answer asks for a fraction provide its reduced form:

a. 12/144 + 2/12 = __________________

b. 0.25 + (20% of 120 ) = ____________

c. 0.015*40 = ______________________

d. (0.5*2) + (25% of 4) = _____________

e. 9/2 + 1.5 = _______________________

Reference no: EM131023387

Questions Cloud

Calculate the real interest rate : If you bought the one-year Treasury bill in May 2012, calculate the real interest rate you earned over the following 12-month period. Given the results of your calculation, why were investors willing to buy Treasury bills in May 2012?
Write a research paper about care priorities : Write a Research Paper about Care Priorities. Discuss the implications of demographic trends in the Australian population in relation to the ageing population and their health care.
What is the purpose of a network operations center : What is the purpose of a Network Operations Center (NOC)?Your company is using P2P technology to distribute software. Where is this software stored?Name at least three products that are often called flavors of UNIX.
Percent and the inflation rate : The interest rate on your car loan is 20 percent and the inflation rate is 19 percent or the interest rate on your car loan is 5 percent and the inflation rate is 2 percent? Briefly explain.
What is the equation for line a : Suppose there are two straight lines: line A and line B. Line A's slope is equal to 2 and the point (X, Y) = (10, 20) sits on this line. Line B has a y-intercept of 10 and an x-intercept of 10. What is the equation for line A
How would i find a corresponding eigenvector : Could you please show me how to find the eigenvalues of B^2 + I and (B^2 + 3B - I)^-1 and how would I justify these answers.
Reporter definition of deflation : So, unlike much of the nation, the fear here is deflation-when prices sink so low the CPI drops below zero." Do you agree with the reporter's definition of deflation? Briefly explain.
Earn a minimum rate of return : Atlas Insurance wants to sell you an annuity which will pay you $550 per quarter for 20 years. You want to earn a minimum rate of return (APR) of 5.0 percent compounded quarterly. What is the most you are willing to pay as a lump sum today to buy thi..
How many discs had 2 episodes and how many had 3 : Chicken pies cost $3 per pound, dried fruit $4 per pound and nuts $8 per pound . How many pounds of each should be used to produce 140 pounds of trail mix costing $6 per pound in which there are twice as many pretzels by weight as dried fruit?

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd