A graph shows the quantity for Product A on the vertical axis and the quantity for Product B on the horizontal axis. What is the proper interpretation of a vertical line at a particular quantity for Product B that is parallel to the vertical axis of the
graph? What is the slope of the vertical line?
Please provide the best answer for the statement.
The vertical line indicates that the two products are unrelated. There is no change in Product A for a given quantity of Product B. The slope of a vertical line is infinite.
You might also like to view...
A $300 billion decrease in both government spending and taxes will
A) decrease GDP by less than $300 billion. B) decrease GDP by more than $300 billion. C) not change the level of GDP. D) decrease GDP by $300 billion.
The weighted average of a firm's expected return on its stock and the interest rate that it pays for debt is known as the:
A) internal rate of return. B) opportunity cost of capital. C) risk-free rate of return. D) company cost of capital.
As long as market price remains above the average total cost, and the firm chooses the profit-maximizing level of output, it will:
A. earn zero profits. B. make profits. C. make a loss. D. Any of these is possible.
In a prisoner's dilemma, the Nash Equilibrium might not have a dominant strategy for either player
a. True b. False Indicate whether the statement is true or false