Slope of a straight line is the ratio
Explain the slope of a straight line is the ratio of the vertical change to horizontal change between any two points on the line?
Expert
Straight line slope is the ratio of the vertical change to horizontal change between any two points on the line.
1. The slope of a line will be positive if both variables change in the same direction (a positive or direct relationship).
2. The slope of a line will be negative if the variables change in the opposite direction (an inverse or negative relationship).
3. The numerical value of the slope will depend on the way the relevant variables are measured.
4. Economic analysis is often concerned with marginal changes, the relative change in one variable with respect to another; it is this rate of change that is measured by the slope.
5. Lines that are parallel with either the horizontal or vertical axis indicate that the two variables are not related, i.e. change in one variable has no effect on the value of the other.
a. A vertical line has an infinite slope.
b. A horizontal line has a zero slope.
Elucidate the ways to finance corporate activity?
This wages vary within inverse proportion to the agreeableness and constancy of the employment was a perception first explicitly stated through: (i) Adam Smith. (ii) Karl Marx. (iii) Thomas Malthus. (iv) John Stuart Mill. (v) David Ricardo.
Explain about Market Structures briefly.
Illustrate the complex cases when both supply and demand shift?
Evaluate and explain the statements: “Competition is the essential despot of the market economy”.
I have a problem in economics on Problem regarding private firms. Please help me in the following question. The mass of U.S. output is generated by: (i) Producer cooperatives. (ii) Non-profit organizations. (iii) Private firms. (iv) Government agencie
Illustrate the advantage of corporate form of organization?
Suppositions underpinning simple production possibilities frontier models don’t comprise a need that: (i) Net resources are fixed. (ii) All resources are efficiently employed. (iii) Technology is steady. (iv) Resource owners are paid according t
In perfectly competitive market, the market demand curve is given by Qd = 10 − Pd, and the market supply curve is given by Qs = 1.5Ps. a) Prove that the market equilibrium price and
Illustrate the rate of exchange of two products?
18,76,764
1950360 Asked
3,689
Active Tutors
1414112
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!