Question: Linear equations have many different applications in everyday life. For example, if a company produces peanut butter, the demand curve may look like Q= 10,000-5P,
Linear equations have many different applications in everyday life. For example, if a company produces peanut butter, the demand curve may look like Q= 10,000-5P, where Q is the quantity of peanut butter jars brought for a price of P in dollars. In this linear equation, our y intercept is 10,000 and our slope is -0.5. With this in mind, what are some examples of linear equations found in everyday life or found in your major? Please identify the y- intercept and slope in both examples and explain the importance of your linear equation.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
