Define Dependent and independent variables
Define Dependent and independent variables?
Expert
While influential Economists that are often interested which variable are the “cause” and which the “effect” is when two variables appear to be related.
In applying the rule Mathematicians are always consistent that the independent variable or “cause” is placed on the horizontal axis and the dependent variable or outcome (effect) is placed on the vertical axis.
Economists are traditionally as well as less tidy those have put price and cost data on the vertical axis.
Opposite interactions are downward sloping to the right and direct relationships are upward sloping to the right regardless of which variable is placed on the horizontal or vertical axis.
Use the circular flow model to confirm this assertion for a $1 per hour increase in the minimum wage?
Give a brief introduction of the term Operating Leverage?
You may use a calculator and MINITAB to conduct the necessary calculations for all questions. Analysis of US GDP and GDP growth rate (1959-2004). The following variables can be retrieved from MIN
Illustrate a summary of what can cause an increase in demand?
How can we calculate Price earnings ratio?
Explain the statement: “Facts serve to sort out good and bad hypotheses.”?
What do you mean by Supply?
Illustrate a summary of what can cause a decrease in demand?
Question: Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change? Using the 'human capital' investment model,
Explain by giving example of an absolute advantage in production of two products?
18,76,764
1939413 Asked
3,689
Active Tutors
1431256
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!