Please answer all questions asked in your initial post using detail and complete thoughts.
- Linear equations have many different applications in everyday life. For example, if a company produces peanut butter, the demand curve may look like Q=10,0000.5PQ=10,0000.5P, where QQ is the quantity of peanut butter jars bought for a price PP in dollars. In this linear equation, our yy-intercept is 10,00010,000 and our slope is 0.50.5. With this in mind, what are some examples of linear equations found in everyday life or found in your major? Please identify the yy-intercept and slope in both examples and explain the importance of your linear equation.
