Micro Economics For Today
10th Edition
ISBN: 9781337613064
Author: Tucker, Irvin B.
Publisher: Cengage,
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Question
Chapter 1.A, Problem 1SQ
To determine
The shape of line used to illustrate the independent relationship between two variables.
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What is the difference between arithmetic and geometric gradient?
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
X
CH
SESSION 1.2: SELF-ASSESSMENT EXERCISE
1. Briefly explain the use of graphs as a way to represent economic relationships. What is
an inverse relationship? How does it graph? What is direct relationship? How does it
graph?
2. Graph each of the following sets of numbers in table 2 below. Draw a line through the
points and calculate the slope of each line.
2X4
1
2
3
1
Y
5
10
20
X
0
5
20
2
Y
0
5
10
20
X
1
2
3
3
Y
25
20
15
X
0.1
0.3
Y
100
75
50
25
Table 2
3. For each of the graphs in table 2 above, determine whether the curve has a positive or
a negative slope. Give an intuitive explanation for what is happening with the slope of
each curve.
ICON 1000 Principles of Economics I- UNIT 1
11
Chapter 1 Solutions
Micro Economics For Today
Ch. 1.6 - Prob. 1.1YTECh. 1.6 - Prob. 2.1YTECh. 1.6 - Prob. 2.2YTECh. 1.6 - Prob. 2.3YTECh. 1.A - Prob. 1SQPCh. 1.A - Prob. 2SQPCh. 1.A - Prob. 1SQCh. 1.A - Prob. 2SQCh. 1.A - According to Exhibit A-5, what is the relationship...Ch. 1.A - Prob. 4SQ
Ch. 1.A - Prob. 5SQCh. 1.A - Prob. 6SQCh. 1.A - Prob. 7SQCh. 1.A - Prob. 8SQCh. 1.A - Prob. 9SQCh. 1.A - Prob. 10SQCh. 1.A - Prob. 11SQCh. 1.A - Prob. 12SQCh. 1.A - Prob. 13SQCh. 1.A - Prob. 14SQCh. 1.A - Prob. 15SQCh. 1.A - Prob. 16SQCh. 1.A - Prob. 17SQCh. 1.A - Prob. 18SQCh. 1.A - Prob. 19SQCh. 1.A - Prob. 20SQCh. 1 - Prob. 1SQPCh. 1 - Prob. 2SQPCh. 1 - Prob. 3SQPCh. 1 - Prob. 4SQPCh. 1 - Prob. 5SQPCh. 1 - Prob. 6SQPCh. 1 - Prob. 7SQPCh. 1 - Prob. 8SQPCh. 1 - Prob. 1SQCh. 1 - Prob. 2SQCh. 1 - Prob. 3SQCh. 1 - Prob. 4SQCh. 1 - Prob. 5SQCh. 1 - Prob. 6SQCh. 1 - Prob. 7SQCh. 1 - Prob. 8SQCh. 1 - Prob. 9SQCh. 1 - Prob. 10SQCh. 1 - Prob. 11SQCh. 1 - Prob. 12SQCh. 1 - Prob. 13SQCh. 1 - Prob. 14SQCh. 1 - Prob. 15SQCh. 1 - Prob. 16SQCh. 1 - Prob. 17SQCh. 1 - Prob. 18SQCh. 1 - Prob. 19SQCh. 1 - Prob. 20SQ
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