A Councilman Who Is Running for the Office of Senator

question 37

Multiple Choice

A councilman who is running for the office of senator of a state with 3.5 million registered voters commissions a survey.In the survey,46% of the 8,000 registered voters interviewed say they plan to vote for him.The population of interest is:

• A)the 3.5 million registered voters in the state.
• B)the 8,000 registered voters interviewed.
• C)the 46% who plan to vote for her.
• D)all the residents of the state.

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Definitions:

Isoquant

A curve on a graph representing combinations of inputs that result in the production of the same quantity of output, used in the analysis of production function and input optimization.

Slope

Refers to the steepness or inclination of a line on a graph, representing the rate of change between two variables.

Marginal Rate

Typically refers to the rate at which one additional unit of something affects the overall outcomes, often used in contexts like marginal tax rate or marginal rate of substitution in economics.

Slope

A measure of the steepness, incline, or gradient of a line, usually calculated as the ratio of the vertical change to the horizontal change between two points.