--%>
Assignment Help - homework help

Define Dependent and independent variables

Define Dependent and independent variables?

E

Expert

Verified

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.

   Related Questions in Business Economics

  • Q : Married men on average earn more income

    Studies indicate that married men on average earn more income than unmarried men of the same age?

    		•
  • Q : Government policies with respect to the

    Can you explain how different government policies with respect to the recycling of aluminum and paper might account for these different market outcomes?

    		•
  • Q : Problem regarding to intermediaries and

    Society gains from the activities of intermediaries which succeed within: (1) falling uncertainty and transaction costs for last consumers. (2) arbitrating strikes and defending workers’ rights. (3) creating productive jobs for unskilled workers

    		•
  • Q : Historical process by Adam Smith of

    Writings on the historical process by Adam Smith of economic development do not comprise heavy reliance upon: (1) the development of property rights. (2) self interest. (3) divisions of labor in production processes. (4) innovations d

    		•
  • Q : Introduction of the term Cost of equity

    Give a brief introduction of the term Cost of equity shares?

    		•
  • Q : Illustrate the Comparative advantage

    Illustrate the Comparative advantage and terms of trade?

    		•
  • Q : Illustrate the complex cases when both

    Illustrate the complex cases when both supply and demand shift?

    		•
  • Q : Illustrate Other Things Equal revisited

    Illustrate “Other Things Equal” Revisited in Supply and Demand, and Equilibrium?

    		•
  • Q : Capitalism-Tightly regulate business I

    I have a problem in economics on Capitalism-Tightly regulate business. Please help me in the following question. The govt. in a purely capitalist state would not: (1) Find out the property rights. (2) Enforce contracts among private parties. (3) Offer

    		•
  • Q : Higher opportunity costs of attendance

    Economics professors would attribute students’ higher rates of attendance on days while examinations are administered to the: (w) intensified needs to learn valuable material. (x) higher opportunity costs of missing set relative to other schedul

    		•