In the diagram below, draw a straight line with a slope of zero
What will be an ideal response?
A horizontal line has a slope of zero. The figure above shows a horizontal line with a slope of zero.
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The slope of a curved line at a particular point is
A. always greater than the slope of a straight line at the same point. B. always smaller than the slope of a straight line at the same point. C. defined as the slope of the straight line representing the average values for the entire curve. D. defined as the slope of the straight line that is tangent to the curve at that point.
If the United States exports planes to Brazil and imports ethanol from Brazil, the price received by U.S. producers of planes ________ and the price received by Brazilian producers of ethanol ________
A) does not change; does not change B) rises; rises C) rises; falls D) falls; falls E) falls; rises
The table above shows the demand and total cost schedule for a monopolist hotel. What price should the monopolist charge if it is a single-price monopoly that maximizes its profit?
A) $171 B) $161 C) $151 D) $141
In the United States, leisure is a significant element in developing an accurate measure of
a. national income. b. personal income. c. disposable personal income. d. the standard of living.