Final answer:
The unit price of beef can be determined by finding the slope of the line on the graph. The unit price represents the cost of each pound of beef.
Step-by-step explanation:
The unit price of beef can be determined by finding the slope of the line on the graph. The unit price represents the cost of each pound of beef. To calculate the slope, we can choose two points on the line and use the formula:
Slope = (Change in Cost) / (Change in Quantity)
For example, if we choose the points (1, $0.66) and (3, $3.62), the change in cost would be $3.62 - $0.66 = $2.96, and the change in quantity would be 3 - 1 = 2 pounds. Therefore, the unit price of beef would be $2.96 / 2 = $1.48 per pound.