Figure 8.20 shows contours for the function z = f(x, y). Is z an increasing or a decreasing function of x? Is z an increasing or a decreasing function of y? 1 2 3 4 5 6 1 2 3 4 5 6 10 9 8 7 6 5 4 3 2 1 x y Figure 8.20
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Textbook Solutions for Applied Calculus
Question
Each contour diagram (a) and (b) shows satisfaction with quantities of two items X and Y combined. Match (a) and (b) with the items in (I) and (II). 10 20 30 40 50 X (a) Y 10 20 30 40 50 X (b) Y (I) X: Income; Y : Leisure time (II) X: Income; Y : Hours worked
Solution
The first step in solving 8.2 problem number 33 trying to solve the problem we have to refer to the textbook question: Each contour diagram (a) and (b) shows satisfaction with quantities of two items X and Y combined. Match (a) and (b) with the items in (I) and (II). 10 20 30 40 50 X (a) Y 10 20 30 40 50 X (b) Y (I) X: Income; Y : Leisure time (II) X: Income; Y : Hours worked
From the textbook chapter CONTOUR DIAGRAMS you will find a few key concepts needed to solve this.
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