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This is illustrated in Figure 2.30. Comment: The slope of the line has not changed, but the vertical intercept, and consequently the horizontal intercept have changed. The corresponding leftward horizontal shift is given by the equation, x =
y , (see below). m
(b) When the original line is translated vertically downwards by three units, replace the y variable by (y + 3), so the equation of the translated line is,
y = 1+ 2x y+ 3= 1+ 2x y = 1+ 2x 3 y = 2+ 2x ... replace y by ( y + 3) to shift the line vertically downwards by 3 units
This is also illustrated in Figure 2.30. Comment: The slope has not changed, but the intercepts have changed. The corresponding rightward horizontal shift is given by the equation, x =
y , (see below). m
3 2
1 0 -4 -3 -2 -1 -1 -2 0 1 2 3 4
-3 -4
Remember
Vertical Translations y (y - c) moves graph upwards by c units. y (y + c) moves graph downwards by c units.
Calculate the size of the horizontal shift that occurs in conjunction with a vertical translation
y is derived as follows: m y y For the line, y = mx + c, whose slope: m = y = m( x ) x = . m x
(shifts are in opposite directions for lines with positive slopes). when a line with a negative slope is translated:
y . m y downwards, the corresponding leftward horizontal shift is, x = . m
(shifts are in same direction for lines with negative slopes). See Worked Examples on income constraints, section 2.7 for vertical translations of lines with negative slopes. 2008 John Wiley & Sons Ltd. www.wileyeurope.com/college/bradley
Horizontal translations Rule 3: Horizontal translations forward. When a graph is translated horizontally forward in a positive direction along the x-axis by c units, replace every x variable in the original equation by (x - c). Rule 4: Horizontal translations backwards. When a graph is translated horizontally backwards in a negative direction along the x-axis by c units, replace every x variable in the original equation by (x + c). Worked Example 2.15 Horizontal translations of linear functions The original linear equation is given by y = 1 + 2x (a) Deduce the equation of the line when translated horizontally forward by two units. (b) Deduce the equation of the line when translated horizontally backwards by one unit. Solution: (a) When the original line is translated horizontally forwards by two units, replace the x variable by (x - 2), so the equation of the translated line is,
y =1 +2 x y =1 +2 ( x 2 ) y =1 + 2 x - 4 y =- 3 + 2 x ... replace x by ( x - 2) to shift 2 units to the right
This is illustrated in Figure 2.31. (b) When the original line is translated horizontally backwards by one unit, replace the x variable by (x + 1), so the equation of the translated line is,
y =1 +2 x y =1 +2 ( x +1) y =1 + 2 x + 2 y =3 + 2 x ... replace x by ( x + 1) to shift 1 unit to the left
y = 1 + 2x
y = - 3 + 2x
-3 -4
5 Remember Horizontal Translations x (x - c) moves graph forward by c units. x (x + c) moves graph backwards by c units.
Horizontal and vertical translations together A translation can be a combination of horizontal and vertical translations. The equation of the translated line can be deduced by simply using the appropriate rules given above.
Worked Example 2.16 Horizontal and vertical translations of linear functions Find the equation of the line, y = 1 + 2x when translated down by two units and forwards by 1.5 units. Solution: Step 1: Translate the original line downwards by two units by replacing y with (y + 2). The equation becomes, ( y + 2) = 1 +2 x . Step 2: Translate ( y + 2) = 1 + 2 x forwards by 1.5 units by replacing x with (x - 1.5). The equation becomes ( y + 2) = 1 + 2( x -1.5) . Step 3: Simplify to get the equation of the translated line,
( y + 2) = 1 + 2( x -1.5) y =1 + 2 x 3 2 y = 4 +2 x
y = 1 + 2x
2
1.5
4
y = - 4 + 2x
A supply function is given by P = 10 + 0.5Q. An excise tax of 10 per unit is imposed. Deduce the equation of the new supply function. P Solution: A tax of 10 per unit means that the price received by the supplier will be (P - 10) per unit sold. The With excise tax new supply function is deduced by substituting (P - 10) into the original supply function as follows: p= 10 + 0.5Q
p = 10 + Q P0.5 = 10 +0 .5Q
( P 10) = 10 + 0 .5Q P = 20 +0 . 5Q
The supply function has been translated vertically upwards by 10 units. This is illustrated in Figure 2.33.
35 30 25 20 15 10 5 0 -20 0 20 40 60
Figure 2.33
Effect of an excise tax (10 Euros per unit) on the supply function
7 Value added Tax (VAT). This is a tax levied at each stage of the production of certain goods and services. The tax is called an ad valoremtax in that it is set at a fixed percentage of the value of the product or services. For example, the price paid by a consumer for a PC = retail price + VAT If the VAT rate for PCs is 12%, then a PC which retails at 950 will incur a VAT of 114
12 950 = 114 . The consumer pays 950 + 114 = 1064. 100
In general, the demand function P = a bQ is translated down as a result of the imposition of VAT, since the price the consumer pays (P + VAT), hence P = a - bQ (P + VAT) = a - bQ P = (a - VAT) - bQ
Section 2.3.2 introduced the idea of a linear cost function as expressed in equation (2.6). Some factors that translate the cost function are now analysed. Worked Example 2.18 Translating linear cost functions
The cost function for solar panels (in units of ,000) is given as TC = 10 + 2Q. (a) (b) deduce the equation of the cost function when the producer receives a grant of 10 in order to cover fixed costs. deduce the equation of the cost function if no grant is given and fixed costs are increased by 150%.
Solution: (a) With a grant of 10 (in units of ,000) to cover fixed costs, FC is replaced by (FC - 10). The equation of the total cost function becomes:
TC = FC +VC TC = ( FC 10) +VC TC = (10 10) +2 Q TC = 2 Q with no grant with a grant of 10 substituting the given cost function
The total cost function has been translated downwards by 10 units with an unchanged slope. This is illustrated in Figure 2.35 This translation is accompanied by a shift of the TC function to the right. (b) If fixed costs (no grant) are increased by 150%, giving a new fixed cost of (10 + 10
150 ) = 25. The total cost function now becomes: 100
TC =10 +2Q original total cost fixed costs increase by 150% TC = 25 +2 Q TC = 25 +2 Q
The total cost function has been translated upwards by 15 units with an unchanged slope. This is illustrated in Figure 2.34 . 2008 John Wiley & Sons Ltd. www.wileyeurope.com/college/bradley
65 55 45 35 25 15 5 -5 0 2 4 6 8
Figure 2.34:
The effect of (i) a subsidy (ii) changes in fixed costs on a total cost function
The equation of a line is given by y = 50 - 0.6x Fixed costs increase by 150% (a) deduce the equation of the line when translated horizontally forward by 12 units. (b) deduce the equation of the line when translated TChorizontally =10 + 2Q backwards by 5 units. (c) deduce the equation of the line when translated vertically down by 6 units. What is the size and direction of the corresponding horizontal shift? A supply function is given by the equation P = 10Subsidy + 3Q of 10 (a) When a tax of 1.5 per unit is imposed the supplier receives (P - 1.5) per unit. Write down the equation of the supply function, adjusted for tax. What is the size of the vertical and the corresponding horizontal shift? (b) Plot the supply function for the good with and without tax. Compare the graphs. Assume that the demand function for good X is given as: Q = 200 2 P + 0 . 02Y + 0 . 3 PS 0 .5 PC + 0 . 04T + 0 . 05 A where Y = 1000, Ps = 10, Pc = 14, T = 50 and A = 40. (a) Analyse the effect on the demand for good X if the price of the substitute good to increases in price from 10 to 30. Illustrate your answer algebraically and diagrammatically. (b) Analyse the effect on the demand for good X if the price of the complementary good to X increases in price from 14 to 35. Illustrate your answer algebraically and diagrammatically. The supply function for toolboxes is given by P = 100 + 0.4Q. Deduce the equation of the new supply function when, (a) a subsidy of 5 per unit is introduced. (b) a tax of 10 per box is imposed. Calculate the price charged when the quantity demanded is 50, according to, (i) the original supply function. (ii) with the subsidy (iii) with the tax. The fixed cost incurred in producing a good is 120, while each unit produced costs 3.50. (a) Write down the equation of the total cost function. (b) Write down the equation of the total cost function if a subsidy of 50 is given. (c) Write down the equation of the total cost function if fixed costs increase by 30%. (d) Write down the equation of the total cost function if variable costs increase by 30%. Graph (a), (b), (c) and (d) on the same diagram. Which of these functions is not a translation of the original cost function.
TC = 2Q
2.
3.
4.
5.
Progress Exercises 2.6: Solutions 1. (a) y = 50 - 0.6(x - 12) = 57.2 - 0.6x (c) y = 50 - 0.6x - 6 = 44 - 0.6x (b) y = 50 - 0.6(x + 5) = 47 - 0.6x Shift is leftwards
y 6 x = = = 10 . m 0.6
10 2. (a) Price to supplier = price - tax = P - 1.5. Therefore, P - 1.5 = 10 + 3Q = 11.5 + 3Q Corresponding horizontal shift is,
Q = P 1. 5 = = 0 .5 m 3
(b)
P 25
20 15 10
P = 11.5 + 3Q P = 10 + 3Q
- 3.83
-4 -2
5 0 0 2 -5 4
- 3.33
Figure PE2.6 Q2 3. Q = 200 - 2P + (20) = 220 - 2P (a) Ps = +20 0.3 Ps = 6. That is, 6 units are added to RHS. Thus, Q = 226 - 2P. Shifts graph up and translated forward by
Q 6 = = 3. m 2
Q 10.5 = = 5 . 25 m 2
(b) Pc = 21 - 0.5 Pc = - 10.5. That is, 10.5 units are subtracted from RHS. Thus, Q = 209.5 - 2P. Shifts graph down and translated leftwards by
(a) (b)
Figure PE2.6 Q3 4. (a) A subsidy of 5: P + 5 = 100 + 0.4Q P = 95 + 0.4Q (b) A tax of 10: P - 10 = 100 + 0.4Q P = 110 + 0.4Q (i) P = 100 + 0.4(50) = 120 (ii) With subsidy: P = 95 + 0.4(50) = 115 (iii) With tax: P = 110 + 0.4(50) = 130 (a) TC = 120 + 3.5Q (b) TC = 70 + 3.5Q (c) TC = 156 + 3.5Q (d) TC = 120 + 4.55Q (not a translation of (a).
5.