If the change in the y-axis variable is 4 and the change in the x-axis variable is 2, the slope of this line is 1/2
Indicate whether the statement is true or false
FALSE
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Which of the following statements is true?
A) Optimization in levels is often slower to implement than optimization in differences, as it considers only the aspects in which alternatives differ. B) Optimization in differences is often faster than optimization in levels, as it considers all aspects of the feasible alternatives. C) Optimization in levels is based on ordinal analysis. D) Optimization in differences is based on marginal analysis.
Who was Jean-Baptiste Say? How does his theory (or "law") compare with that of John Maynard Keynes?
What will be an ideal response?
Federal individual income taxes illustrate the ability-to-pay principle of taxation
a. True b. False
Answer the following statements true (T) or false (F)
1. Market demand and the firm’s demand curve coincide in a monopoly. 2. The AR and MR curves of a monopoly are identical. 3. A monopoly can sell all that it desires at any given price. 4. The demand for the product of a monopolist is perfectly inelastic. 5. A monopoly cannot suffer a loss.