Describe the equation of a linear relationship
Describe the equation of a linear relationship?
Expert
1. If the vertical intercept and the slope are known, the general form y = a + bx describes the line.
2. y represents the variable on the vertical axis (the dependent variable in standard mathematical form) a is the vertical intercept, b is the slope of the line, and x represents the variable on the horizontal axis (the independent variable in standard mathematical form).
3. The income—consumption example places the dependent and the independent in proper mathematical form.
4. The price-quantity example reverses their position and places price (the independent variable) on the vertical axis and quantity (the dependent variable) on the horizontal axis.
Describe Quasi-public goods?
Discuss the economic aspects of ticket scalping also identifying the gainers and losers?
Question Discuss the impact of dollar depreciation on the various aspects of American Economy. Devaluation of the DollarIntroduction:
Illustrations of activities which generate negative externalities would not comprise: (w) burning coal that results in acid rain. (x) smoking a cigar at the opera. (y) killing fish by dumping sewage into a river. (z) being inoculated against a contagi
Evaluate and explain the statements: “The market system is a profit-and-loss economy”
Explain producers in an industry are receiving pure or economic profits?
What are the 2 definitions of economics growth?
“The best of all probable worlds is one in that we adopt policies which maximize the happiness of the lots number of people” is a statement of the utilitarian philosophy attributed to: (w) Alfred Korzybski. (x) Hugo Grotius. (y) Xenophon.
What is the most important source of revenue and the major type of expenditure at the local level?
Explain: “Goods and services are scarce because resources are scarce.” Analyze: “It is the nature of all economic problems that absolute solutions are denied us.”
18,76,764
1960171 Asked
3,689
Active Tutors
1433952
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!