Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 1 - Limits, Alternatives, and Choices - Appendix - Problems - Page 29: 5

Answer

$i= 16 - \frac{2}{5}I$

Work Step by Step

We find: $(y-y_{1})=(\frac{y_{2}-y_{1}}{x_{2}-x_{1}}) (x-x_{1})$ $(y-14)=(\frac{12-14}{10-5} (x-5)$ $y-14=\frac{-2}{5}(x-5)$ $5y-70=-2x + 10$ $5y+ 2x= 80$ $5y=80-2x$ $y=16-\frac{2x}{5}$ $i=16-\frac{2}{5}I$
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