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M = 5 ( 0, -4 ) 5.

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Presentation on theme: "M = 5 ( 0, -4 ) 5."— Presentation transcript:

1 m = 5 ( 0, -4 ) 5

2 First Level Difference Test. X’s change the same. Y’s change the same.
+1 -3 +1 +4 +1 -3 +1 +4 +1 -3 +1 +5 +1 -3 +1 +4 First Level Difference Test. X’s change the same. Y’s change the same. LINEAR FUNCTION First Level Difference Test. X’s change the same. Y’s don’t all change the same. NOT A LINEAR FUNCTION

3 3x + 5 = 0 3x = -5 x = -5/3 Finding the x-intercept. x > -5/3 or (–5/3, ) Finding the positive y-coordinates. 3x + 5 = -2x + 15 +2x – 5 = +2x – 5 5 x = 10 x = 2 Finding where the two functions intersect. Finding where the y values of the f function is larger than the y values of the g function. x > 2 or [2, )

4 ( 2, 11 )

5 The Quantity Supplied of a good is the amount of a product that a company is willing to make available for sale at a given price. The Quantity Demanded of a good is the amount of a product that a consumers are willing to purchase at a given price. The Equilibrium Price of a product is defined as the price at which quantity supplied equals quantity demanded. The Equilibrium Quantity is defined as the amount demanded (or supplied) at the equilibrium price.

6 Equilibrium quantity is 70 Gaucho Dogs.
Find where S(p) = D(p). Find either S(3) = D(3). Equilibrium quantity is 70 Gaucho Dogs. price = $3 Find where D(p) < S(p). If you sell for more than $3, then you will have leftover Gaucho Dogs. p > 3 price Increase the price of the Gaucho Dogs.

7 13.84 million in taxes!


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