What is the difference between dependent and independent variables?
A variable is a quantity that can take on different numeric values. A dependent variable is one that depends on the independent variables. That is, the dependent variable value changes according to the values of independent variables, while an independent variable is truly independent.
You might also like to view...
Answer the next question(s) based on the data contained in the following table.Units of LaborTotal ProductProduct Price00$2.201152.002281.803391.604481.405551.206601.10Assume that the firm is hiring labor in a purely competitive market. If the wage rate is $20, how many workers will the firm choose to employ?
A. 5 B. 4 C. 3 D. 2
The largest value the Herfindahl index can have is
a. 100, which would indicate a monopoly b. 100 for firms equal in size c. 100,000 d. 10,000 . which would indicate a pure monopoly e. infinity
One year ago Sam purchased bonds for $100,000 . He just sold them for $120,000 . During the year the price level rose by 5%. If the tax rate on capital gains is 20%, how much did Sam gain in real terms?
In a simple circular-flow diagram, firms use the money they get from a sale to
a. pay wages to workers. b. pay rent to landlords. c. pay profit to the firms' owners. d. All of the above are correct.