Describe the equation of a linear relationship
Describe the equation of a linear relationship?
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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.
The perfectly competitive market structure benefits consumers since: w) firms do not generate goods at the lowest possible price within the long run. x) firms are forced through competitive pressure to be as efficient as possible. y) firms add a much
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Quantity TR TC 0 $0.00 $10.00 1 $150.00 $30.00 2 $290.00 $50.00 3 $420.00 $80.00 4 $540.00 $120.00 5 $650.00 $170.00 6 $750.00 $230.00 7 $840.00 $300.00 8 $920.00 $
Question Write a report on a local firm that faces Human Resource Management problems. Pick two major problems and provide solutions to it. The company selected must
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