(Slope) Suppose you are given the following data on wage rates and number of hours worked:
|
Point
|
Wage
|
per Week
|
|
a
|
$0
|
0
|
|
b
|
5
|
0
|
|
c
|
10
|
30
|
|
d
|
15
|
35
|
|
e
|
20
|
45
|
|
f
|
25
|
50
|
a. Construct and label a set of axes and plot these six points. Label each point.Which variable do you think should be measured on the vertical axis, and which variable should be measured on the horizon- tal axis?
b. Connect the points. Describe the curve you find. Does it make sense to you?
c. Compute the slope of the curve between points a and b. Between points b and c. Between points c and
d. Between points d and e. Between points e and f. What happens to the slope as you move from point a to point f?