Describe what is meant by the Cartesian coordinate system
What will be an ideal response?
The Cartesian coordinate system is a method used to graph two variables. There are two axes that are perpendicular to one another. One is a horizontal line (the x-axis) and one is a vertical line (the y-axis). The intersection of these two lines is called the origin. Positive values of x lie to the right of the origin, while positive values of y lie above the origin.
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If a firm's demand is subject to random fluctuations, the firm's ________ will also be random.
A) marginal revenue B) average total cost C) average variable cost D) marginal cost
A relationship between two variables in which one variable increases at the same time that the other increases is called
A) nonlinear. B) constant. C) inverse. D) direct.
In the prisoners' dilemma game, self-interest leads
a. each prisoner to confess. b. to a breakdown of any agreement that the prisoners might have made before being questioned. c. to an outcome that is not particularly good for either prisoner. d. All of the above are correct.
Net exports are:
A. that portion of consumption and investment goods sent to other countries. B. exports plus imports. C. exports less imports. D. imports less exports.