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State whether each of the following functions specifies a direct or an inverse relationship.

a. y = 5x

b. y = 10 - 2x

c. y = 3 + x

d. y = −3x

Short Answer

Expert verified

(a) Direct Relationship

(b) Inverse Relationship

(c) Direct Relationship

(d) Inverse Relationship

Step by step solution

01

Step 1. Direct and Inverse Relationship

A direct relationship means there is a positive relationship between two variables meaning an increase in one will increase the other and vice versa.

An inverse relationship means there is a negative relationship between two variables meaning an increase in one will decrease the other and vice versa.

02

Part (a) y=5x.

The function shows a direct relationship between the two variables as the value of one variable xincreases the value of yalso increases. It is shown using an example,

x=1y=5×1y=5x=3y=5×3y=15

03

Part (b) y=10-2x.

The function shows an inverse relationship between the two variables as the value of one variable xincreases the value of yalso decreases. It is shown using an example,

x=1y=10-2×1y=10-2y=8x=3y=10-2×3y=10-6y=4

04

Part (c) y=3+x

The function shows a direct relationship between the two variables as the value of one variable xincreases the value of yalso increases. It is shown using an example,

x=1y=3+1y=4x=3y=3+3y=6

05

Part (d) y=-3x

The function shows an inverse relationship between the two variables as the value of one variable xincreases the value of yalso decreases. It is shown using an example,

x=1y=-3×1y=-3x=y=-3×3y=-9

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Most popular questions from this chapter

Based on your answer to Problems 1–12, categorize each of the following conclusions as being the result of positive analysis or normative analysis.

(a) A higher minimum wage will reduce employment opportunities for minimum wage workers.

(b) Increasing the earnings of minimum wage employees is desirable, and raising the minimum wage is the best way to accomplish this.

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(d) Heath care subsidies will increase the consumption of health care.

For each of the following approaches that an economist might follow in examining a decision-making process, identify whether the approach relies on the rationality assumption or on the assumption of bounded rationality:

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