Question: 5 . Suppose a quadratic function is given by y = f ( x ) = x 2 9 x + 8 . ( a
Suppose a quadratic function is given by y fx xx
a Does this function represent an upward or downward facing parabola? Explain. Find the xcoordinate of the vertex or the equation of the vertical line that intersects the parabola at the vertex of the parabola.
b Find the roots of the quadratic function.
c Using information from a and b draw a well labelled graph of the parabola in particular, label the vertex and the roots
d In the same graph as c draw the parabola if it was instead represented by the function fx xx How many roots does this parabola have?
Suppose an inverse demand function is given by p qd and an inverse supply function is given by p qs
a What is the equilibrium price and quantity combination?
b What happens when the price is above or below the equilibrium price?
How many solutions does a system of two equations have? Explain clearly and succinctly.
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