The slope determines if the function is an
increasing linear function , a
decreasing linear function , or a constant function.
Deciding whether a function is increasing, decreasing, or constant
Some recent studies suggest that a teenager sends an average of 60 texts per day.
http://www.cbsnews.com/8301-501465_162-57400228-501465/teens-are-sending-60-texts-a-day-study-says/ For each of the following scenarios, find the linear function that describes the relationship between the input value and the output value. Then, determine whether the graph of the function is increasing, decreasing, or constant.
The total number of texts a teen sends is considered a function of time in days. The input is the number of days, and output is the total number of texts sent.
A teen has a limit of 500 texts per month in his or her data plan. The input is the number of days, and output is the total number of texts remaining for the month.
A teen has an unlimited number of texts in his or her data plan for a cost of $50 per month. The input is the number of days, and output is the total cost of texting each month.
Analyze each function.
The function can be represented as
where
is the number of days. The slope, 60, is positive so the function is increasing. This makes sense because the total number of texts increases with each day.
The function can be represented as
where
is the number of days. In this case, the slope is negative so the function is decreasing. This makes sense because the number of texts remaining decreases each day and this function represents the number of texts remaining in the data plan after
days.
The cost function can be represented as
because the number of days does not affect the total cost. The slope is 0 so the function is constant.
In the examples we have seen so far, we have had the slope provided for us. However, we often need to calculate the
slope given input and output values. Given two values for the input,
and
and two corresponding values for the output,
and
—which can be represented by a set of points,
and
—we can calculate the slope
as follows
where
is the vertical displacement and
is the horizontal displacement. Note in function notation two corresponding values for the output
and
for the function
and
so we could equivalently write
[link] indicates how the slope of the line between the points,
and
is calculated. Recall that the slope measures steepness. The greater the absolute value of the slope, the steeper the line is.
The slope of a function is calculated by the change in
divided by the change in
It does not matter which coordinate is used as the
and which is the
as long as each calculation is started with the elements from the same coordinate pair.
economics theory describes individual behavior as the result of a process of optimization under constraints the objective to be reached being determined by
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Economics is a branch of social science that deal with How to wise use of resource ,s
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Economic Needs: In economics, needs are goods or services that are necessary for maintaining a certain standard of living. This includes things like healthcare, education, and transportation.
Money market is a branch or segment of financial market where short-term debt instruments are traded upon. The instruments in this market includes Treasury bills, Bonds, Commercial Papers, Call money among other.
