Assignment 2 - hapter 1 p 4 Econ 130 Fall 2016 Assignment 2...

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Econ 130_ Fall 2016_ Assignment 2 Instructor: Chandra s Dhakal 1 University of Hawaii_Manoa Principles of Microeconomics Econ 130_ Fall 2016 Assignment 2 Due on Sep 16, 2016. Q1) Draw 2 graphs (graph 1 and graph 2) with X in horizontal axis and Y in vertical axis, using the following information in the table below. Be sure to fully label your graphs. Label point Graph 1 Graph 2 A ( 2,40) (3,40) B (5,30) (4,20) C (7,15) (7,5) D (8,0) (10,0) Note: Label against each point in your graph. a) Find the slope between point A and point B of each graph. b) Find the slope between point C and Point D of each graph. c) Describe the types of slope in each graph (Hint: is it positive, negative, increasing or decreasing?. Refer your class note) Q2 ) Suppose that good X is the average number of microwave sold per day by a large department store, and that good Y is the average number of toaster ovens sold per day by the same store. Use line A in figure provided below to answers the following questions:
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Econ 130_ Fall 2016_ Assignment 2 Instructor: Chandra s Dhakal 2 a) Fill out the following table 1 using the line A in figure above.
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