Examlex
The following table gives information about the relationship between input quantities and real domestic output in a hypothetical economy: If the price of each input is $5, the per unit cost of production in the above economy is:
Slope-Intercept Form
An equation of the form y = mx + b, where m is the slope and b is the y-intercept of the line.
Parallel
Lines in a plane that never meet, no matter how far they are extended, because they have the same slope.
Line
A geometric figure that is one-dimensional, has no thickness, and stretches indefinitely in both directions is referred to as a line.
Y-Intercept
The point where a line or curve intersects the y-axis of a coordinate plane.
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