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.
Question Discuss what "economic development" means in the context of this game? (Hint: How do you win, and what do you have at the end of the game that you did not have at the beginning of the game?)
Which two of the six reasons listed in the Last Word do you think are the most important in explaining the rise in participation of women in the workplace? Explain your reasoning.
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
Illustrate the advantage and disadvantage of Partnership?
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 several theories about causation?
Explain the law of supply. Why does the supply curve slope upward?
Question: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments." Briefly comment on this
numbers of sellers in pure competition?
Give a brief introduction of the term Risk factor?
18,76,764
1923785 Asked
3,689
Active Tutors
1415663
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!