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7 Cards in this Set
- Front
- Back
Methods to solve the two linear independent equations?
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1. Multiplication: to multiply two equations by the same number
2. Substitution: to substitute one variable to another equation |
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Interprete linear equation as a graph:
y = a + bx |
y - the dependent variable which varies with the x value
a - y-intercept which will cut the y axis given x = 0 b - coefficient or slope which refer to how the y value changes when one unit of x changes x - independent variable which will change the y-value |
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How the linear equation apply to the costing?
y = a + bx |
In terms of cost:
y = total costs a = fixed costs which is positive although production units are zero b = the change in total costs when one unit of x change x = no. of units produced |
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How to determine the slope of linear equation
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slope = change in y / change in x (to determine how much y will change for one unit of x change)
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What is the positive and negative slope mean?
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Positive slope will go upward as x goes up, y will go up too
Negative slope will go downward as x goes up, y will go down. |
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what is the slope for horizontal line?
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As x change, y is constant; so slope =
(y2 -y1) / (x2 - x1) = 0 / 1 = 0 |
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what is the slope of vertical line?
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as x is constant, y is changed; so
(y2 -y1) / (x2 - x1) = 1/0 = infinity or the steepest slope. |