Which of the Following Statements Is Correct

question 63

Multiple Choice

Which of the following statements is correct?

• A) The slope of a straight line changes depending where on the line it is calculated.
• B) A straight line that slopes upward moving to the right has a positive slope.
• C) The slope of a curved line is not defined because it is impossible to calculate the slope along a curved line.
• D) Answers A and B are correct.
• E) Answers A and C are correct.

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Definitions:

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.

Profit

The difference between total revenue and total cost.

Yearly Return

The total gain or loss on an investment over a one-year period, expressed as a percentage of the investment’s initial cost.

Fixed Costs

Costs that do not change with the level of output or sales, such as rent, salaries, and loan payments.