Every Day for the Last Month, Boris Has Recorded the Number

question 59

Multiple Choice

Every day for the last month, Boris has recorded the number of times it has rained and the height of all of his tomato plants.He wants to see if the two are correlated, so he creates a scatterplot of the data.He sees a pattern that he could probably draw a line through (from the bottom left going up to the top right) as rainy days and plant height both increase.What type of correlation is this?

• A) positive
• B) negative
• C) zero
• D) partial

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Definitions:

Total Utility

The overall satisfaction or benefit a consumer receives from consuming a certain quantity of a good or service.

Indifference Curve

A graph that represents different combinations of two goods or services among which a consumer is indifferent, meaning they have no preference for one combination over another, all providing the same level of utility.

Budget Line

A graphic representation of all possible combinations of two goods that can be purchased at given prices and a given income.

Indifference Analysis

A microeconomic tool used to analyze consumer preferences indicating combinations of goods among which the consumer is indifferent, showing levels of utility.