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=10,000−0.5PQ=10,000−0.5P, 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 −0.5−0.5. 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.