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Are the units for slope always units for the output units for the input ?

Yes. Think of the units as the change of output value for each unit of change in input value. An example of slope could be miles per hour or dollars per day. Notice the units appear as a ratio of units for the output per units for the input.

Calculate slope

The slope, or rate of change, of a function m can be calculated according to the following:

m = change in output (rise) change in input (run) = Δ y Δ x = y 2 y 1 x 2 x 1

where x 1 and x 2 are input values, y 1 and y 2 are output values.

Given two points from a linear function, calculate and interpret the slope.

  1. Determine the units for output and input values.
  2. Calculate the change of output values and change of input values.
  3. Interpret the slope as the change in output values per unit of the input value.

Finding the slope of a linear function

If f ( x ) is a linear function, and ( 3 , −2 ) and ( 8 , 1 ) are points on the line, find the slope. Is this function increasing or decreasing?

The coordinate pairs are ( 3 , −2 ) and ( 8 , 1 ) . To find the rate of change, we divide the change in output by the change in input.

m = change in output change in input = 1 ( −2 ) 8 3 = 3 5

We could also write the slope as m = 0.6. The function is increasing because m > 0.

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If f ( x ) is a linear function, and ( 2 , 3 ) and ( 0 , 4 ) are points on the line, find the slope. Is this function increasing or decreasing?

m = 4 3 0 2 = 1 2 = 1 2 ; decreasing because m < 0.

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Finding the population change from a linear function

The population of a city increased from 23,400 to 27,800 between 2008 and 2012. Find the change of population per year if we assume the change was constant from 2008 to 2012.

The rate of change relates the change in population to the change in time. The population increased by 27 , 800 23 , 400 = 4400 people over the four-year time interval. To find the rate of change, divide the change in the number of people by the number of years.

4,400 people 4 years = 1,100  people year

So the population increased by 1,100 people per year.

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The population of a small town increased from 1,442 to 1,868 between 2009 and 2012. Find the change of population per year if we assume the change was constant from 2009 to 2012.

m = 1 , 868 1 , 442 2 , 012 2 , 009 = 426 3 = 142 people per year
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Writing and interpreting an equation for a linear function

Recall from Equations and Inequalities that we wrote equations in both the slope-intercept form    and the point-slope form    . Now we can choose which method to use to write equations for linear functions based on the information we are given. That information may be provided in the form of a graph, a point and a slope, two points, and so on. Look at the graph of the function f in [link] .

This graph shows a linear function graphed on an x y coordinate plane. The x axis is labeled from negative 2 to 8 and the y axis is labeled from negative 1 to 8. The function f is graph along the points (0, 7) and (4, 4).

We are not given the slope of the line, but we can choose any two points on the line to find the slope. Let’s choose ( 0 , 7 ) and ( 4 , 4 ) .

m = y 2 y 1 x 2 x 1 = 4 7 4 0 = 3 4

Now we can substitute the slope and the coordinates of one of the points into the point-slope form.

y y 1 = m ( x x 1 )   y 4 = 3 4 ( x 4 )

If we want to rewrite the equation in the slope-intercept form, we would find

Questions & Answers

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
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Ariel
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Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
what is ecnomics
Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
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macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
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husaini
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what's the difference between a firm and an industry
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firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
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factors influencing supply
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Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
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Zarshad Reply
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Milan
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Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
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David Reply
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identify a demand and a supply curve
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i don't know
Parul
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Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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Source:  OpenStax, College algebra. OpenStax CNX. Feb 06, 2015 Download for free at https://legacy.cnx.org/content/col11759/1.3
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