Mathematical tools for intermediate economics classes
Iftekher Hossain

Linear Functions and Graphs

Section 6: More practice questions

Question 1

Solve the following quadratic equation using the quadratic formula: $$5x^{2} + 23x + 12 = 0$$

$$x = \frac{-23 \pm \sqrt{23^{2} - 4\cdot 5\cdot 12}}{2\cdot 5}$$ $$x = \frac{-23 \pm \sqrt{289}}{10}$$ $$x = \frac{(-23 \pm 17)}{10}$$ $$x = -4 \qquad x = -0.6$$


Question 2

Which of the following equations are not functions?

  1. \(y = 10 + x^{2}\)
  2. \(y = 10 - 2x\)
  3. \(y = \pm \sqrt{x}\)
  4. \(x^{2} + y^{2} = 81\)

\(c\) and \(d\).

\(y = \pm \sqrt{x}\) is not a function because for each value of \(x\), we get two values of \(y\). Therefore, \(y = \pm \sqrt{x}\) shows a relation only.
\(x^{2} + y^{2} = 81\) is not a function. $$x^{2} + y^{2} = 81$$ $$y^{2} = 81 - x^{2}$$ $$y = \pm \sqrt{81 - x^{2}}$$ Therefore, for any \(-9 \leq x < 9\), we get two values for \(y\) which violates the properties of a function.


Question 3

What is the domain of each of the following two functions? $$(i) \quad f(x) = 10 - 2x \qquad\qquad (ii) \quad f(x) = \frac{x}{x^{2} - 1}$$

(i) All \(x\)
(ii) All real numbers except {\(x = \pm 1\)}


Question 4

Suppose the demand functions is \(Q_{d} = 10 - 2P\), where \(Q_{d}\) denotes quantity demanded and \(P\) is the price. What is the domain of the function?

\(R_{+} \equiv \{P \in R^{1}: P \geq 0\}\)

Domain is the set of all possible values of the independent variable. Here, the independent variable is the price \(P\). Price of the good cannot be negative but can be zero and positive.


Question 5

Suppose the yearly supply of wheat in Canada is: $$Q^{s} = 0.15 + P$$

Here, \(Q^s\) is the quantity of wheat produced in Canada per year (in millions of bushels) when \(P\) is the average price of wheat (in dollars per bushel). What is the quantity of wheat supplied per year when the average price of wheat is \($2\) per bushel?

2.15 million bushels [For more similar examples, see Besanko D and R Braeutigam, Microeconomics, Wiley.]


Question 6

To draw the graph of the following equation, find the slope and vertical intercept if \(y\) is measured on the vertical axis: $$8y + 2x + 24 = 0$$

$$8y + 2x + 24 = 0$$ $$\qquad\qquad\qquad\qquad 8y = -24 - 2x$$ $$\qquad\qquad\qquad\qquad y = -3 - \frac{2}{8}x$$

Slope \(m = -\frac{1}{4}\), vertical intercept: \((0,-3)\)


Question 7

Find the formula for the linear function whose graph has slope \(4\) and goes through the point \((1, 1)\).

Linear function $$f(x) = a + bx$$

If its graph has slope \(4\) and goes through the point \((1,1)\), these numbers must satisfy the equation: $$1 = a + 4\cdot 1$$ $$a = -3$$ So, the function is $$f(x) = 4x - 3$$



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