📚 Applied Finite Mathematics
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1.1 Linear Equations

Chapter Overview

In this chapter, you will learn to:

  1. Graph a linear equation.
  2. Find the slope of a line.
  3. Determine an equation of a line.
  4. Solve linear systems.
  5. Do application problems using linear equations.

Graphing a Linear Equation

Equations whose graphs are straight lines are called linear equations. The following are some examples of linear equations:

2x3y=6 size 12{2x - 3y=6} {}, 3x=4y7 size 12{3x=4y - 7} {}, y=2x5 size 12{y=2x - 5} {}, 2y=3 size 12{2y=3} {}, and x2=0 size 12{x - 2=0} {}.

A line is completely determined by two points, therefore, to graph a linear equation, we need to find the coordinates of two points. This can be accomplished by choosing an arbitrary value for x size 12{x} {} or y size 12{y} {} and then solving for the other variable.

The points at which a line crosses the coordinate axes are called the intercepts. When graphing a line, intercepts are preferred because they are easy to find. In order to find the x-intercept, we let y=0 size 12{y=0} {}, and to find the y-intercept, we let x=0 size 12{x=0} {}.

Horizontal and Vertical Lines

When an equation of a line has only one variable, the resulting graph is a horizontal or a vertical line.

The graph of the line x=a size 12{x=a} {}, where a size 12{a} {} is a constant, is a vertical line that passes through the point ( a size 12{a} {}, 0). Every point on this line has the x-coordinate a size 12{a} {}, regardless of the y-coordinate.

The graph of the line y=b size 12{y=b} {}, where b size 12{b} {} is a constant, is a horizontal line that passes through the point (0, b size 12{b} {}). Every point on this line has the y-coordinate b size 12{b} {}, regardless of the x-coordinate.

Slope of a Line

Section Overview

In this section, you will learn to:

  1. Find the slope of a line if two points are given.
  2. Graph the line if a point and the slope are given.
  3. Find the slope of the line that is written in the form y=mx+b size 12{y= ital "mx"+b} {}.
  4. Find the slope of the line that is written in the form Ax+By=c size 12{ ital "Ax"+ ital "By"=c} {}.

In the last section, we learned to graph a line by choosing two points on the line. A graph of a line can also be determined if one point and the "steepness" of the line is known. The precise number that refers to the steepness or inclination of a line is called the slope of the line.

From previous math courses, many of you remember slope as the "rise over run," or "the vertical change over the horizontal change" and have often seen it expressed as:

riserun size 12{ { {"rise"} over {"run"} } } {}, vertical changehorizontal change size 12{ { {"vertical change"} over {"horizontal change"} } } {}, ΔyΔx size 12{ { {Δy} over {Δx} } } {}etc.

We give a precise definition.

Determining the Equation of a Line

Section Overview

In this section, you will learn to:

  1. Find an equation of a line if a point and the slope are given.
  2. Find an equation of a line if two points are given.

So far, we were given an equation of a line and were asked to give information about it. For example, we were asked to find points on it, find its slope and even find intercepts. Now we are going to reverse the process. That is, we will be given either two points, or a point and the slope of a line, and we will be asked to find its equation.

An equation of a line can be written in two forms, the slope-intercept form or the standard form.

The Slope-Intercept Form of a Line: y = mx + b size 12{y= ital "mx"+b} {}

A line is completely determined by two points, or a point and slope. So it makes sense to ask to find the equation of a line if one of these two situations is given.

The Standard form of a Line: Ax + By = C size 12{ ital "Ax"+ ital "By"=C} {}

Another useful form of the equation of a line is the Standard form.

Let L size 12{L} {} be a line with slope m size 12{m} {}, and containing a point (x1,y1) size 12{ \( x rSub { size 8{1} },y rSub { size 8{1} } \) } {}. If (x,y) size 12{ \( x,y \) } {} is any other point on the line L size 12{L} {}, then by the definition of a slope, we get

m = y y 1 x x 1 size 12{m= { {y - y rSub { size 8{1} } } over {x - x rSub { size 8{1} } } } } {}

y y 1 = m ( x x 1 ) size 12{y - y rSub { size 8{1} } =m \( x - x rSub { size 8{1} } \) } {}

The last result is referred to as the point-slope form or point-slope formula. If we simplify this formula, we get the equation of the line in the standard form, Ax+By=C size 12{ ital "Ax"+ ital "By"=C} {}.

Finally, we learn a very quick and easy way to write an equation of a line in the standard form. But first we must learn to find the slope of a line in the standard form by inspection.

By solving for y size 12{y} {}, it can easily be shown that the slope of the line Ax+By=C size 12{ ital "Ax"+ ital "By"=C} {} is A/B size 12{ - A/B} {}. The reader should verify.

Now that we know how to find the slope of a line in the standard form by inspection, our job in finding the equation of a line is going to be very easy.

If you use this method often enough, you can do these problems very quickly.

Applications

Now that we have learned to determine equations of lines, we get to apply these ideas in real-life equations.

More Applications

Section Overview

In this section, you will learn to:

  1. Solve a linear system in two variables.
  2. Find the equilibrium point when a demand and a supply equation are given.
  3. Find the break-even point when the revenue and the cost functions are given.

In this section, we will do application problems that involve the intersection of lines. Therefore, before we proceed any further, we will first learn how to find the intersection of two lines.

Supply, Demand and the Equilibrium Market Price In a free market economy the supply curve for a commodity is the number of items of a product that can be made available at different prices, and the demand curve is the number of items the consumer will buy at different prices. As the price of a product increases, its demand decreases and supply increases. On the other hand, as the price decreases the demand increases and supply decreases. The equilibrium price is reached when the demand equals the supply.

Break-Even Point In a business, the profit is generated by selling products. If a company sells x size 12{x} {} number of items at a price P size 12{P} {}, then the revenue R size 12{R} {} is P size 12{P} {} times x size 12{x} {}, i.e., R=Px size 12{R=P cdot x} {}. The production costs are the sum of the variable costs and the fixed costs, and are often written as C=mx+b size 12{C= ital "mx"+b} {}, where x size 12{x} {} is the number of items manufactured.

A company makes a profit if the revenue is greater than the cost, and it shows a loss if the cost is greater than the revenue. The point on the graph where the revenue equals the cost is called the Break-even point.

Adapted from Applied Finite Mathematics by Rupinder Sekhon (De Anza College), originally published by OpenStax CNX (cnx.org, collection col10613), licensed under CC BY 3.0. Changes were made. License: CC-BY-3.0.

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