math prep - 3. Draw a curve in X-Y space where Y is...

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Math Review The following problems are intended to provide a review of math and graphs concepts. It is essential that you feel comfortable with all the concepts below, as they will appear repeatedly throughout the semester. 1. Draw a curve in X-Y space that has a positive slope. Give an example of 2 economic variables that might be positively related. 2. Draw a curve in X-Y space that has a negative slope. Give an example of 2 economic variables that might be negatively related.
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Unformatted text preview: 3. Draw a curve in X-Y space where Y is unaffected by X. Give an example of 2 economic variables that have no relationship. For questions 4 and 5 below use the following information. Q=36-P and Q=P-12. 4. Solve for Q and P. 5. Graph both equations on the same graph. Put P on the vertical axis (Y axis) and Q on the horizontal axis (X axis). Label the numbers where these two graphs intersect and label the vertical intercepts. 6. Refer to the graph below. Calculate the area of A....
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This note was uploaded on 01/19/2011 for the course ECON 11853 taught by Professor Brianallenhunt during the Spring '10 term at Georgia State University, Atlanta.

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