First example today involves a production possibility frontier. We have two goods x and y that a country has to determine how much to produce of each.
\[ y = \sqrt{100 - x^{2}}\]
x <- seq(from=0,to=10,by=0.1)
y <- 100 - x^2
plot(y~x,type="l")
Future Value/Present Value
\[ FV = PV(1+r)^{t}\] FV: Future value is our dependent variable
t: time is our independent variable
PV and r considered parameteres
t <- seq(from=0,to=40,by=0.1)
FV <- 100*(1+.05)^t
plot(FV~t,type="l")