The slope of a curved line differs from that of a straight line in that
a. the numerical value of the slope of a straight line is different at every point, but is the same at every point for a curved line.
b. the numerical value of the slope of a straight line is always higher than the numerical value of the slope of a curved line.
c. the numerical value of the slope of a curved line is different at every point, but is the same at every point for a straight line.
d. the numerical value of the slope of a curved line is an irrational number, but the numerical value of the slope of a straight line is always a rational number.
e. straight lines are more realistic, but curved lines are not descriptively accurate for the real world.
c
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With its goal of price stability, the Fed attempts to
A) keep the inflation rate from falling below 5% and rising above 10%. B) maintain an inflation rate of zero. C) achieve a low, stable inflation rate. D) counteract periods of inflation with periods of deflation.
An automobile insurance company on average charges a premium that:
A. equals 1/(expected loss) of each driver. B. is greater than the expected loss from each driver. C. is less than the expected loss from each driver. D. equals the expected loss from each driver.
Kara and Kyle are competing sockeye salmon fishers. Both have been allocated ITQs that limit their catch to 2,000 tons of sockeye salmon each. Kara's cost per ton is $8; Kyle's cost per ton is $12. Refer to the information given. If the market
price of sockeye salmon is $15 per ton, what is the maximum amount Kara would be willing to pay per ton for Kyle's ITQs? A. $3. B. $7. C. $8. D. $15.
For which situation would we expect the adjustment speed to be the fastest?
A. The demand for surgeons increases. B. A large increase in birth rates leads to an increase in elementary school teachers. C. The demand for office space in downtown Chicago increases. D. The demand for movie videos increases.