Reputation: 29064
I am trying to plot a horizontal line in R, but it is giving me an error.
Code:
w <- seq(1, 99, by=1)
alpha <- 0.1
beta <- 0.001
U <- alpha*w -(beta/2)*w*w
Uprime <- alpha -(beta)*w
Udprime <- -beta
Utprime <- 0
plot(w,Udprime,type = "l",main = "Graph of U(W) versus wealth",xlab = "Wealth",ylab = "Utility Function")
When I plot this function out, I get this error:
Error in xy.coords(x, y, xlabel, ylabel, log) :
'x' and 'y' lengths differ
Why is that so? Need some guidance.
Upvotes: 1
Views: 23669
Reputation: 17412
To plot the horizontal line for the second derivative of the wealth utility function, you'll need to make sure Udprime
has a point for every point w
. There's two ways to do this:
Shortcut:
plot(cbind(w, Udprime))
More "true to the math":
Udprime = -beta * w^0
Upvotes: 4