Provide an Appropriate Response

question 11

Multiple Choice

Provide an appropriate response.
-Given two points (x1,y1) and (x2,y2) ,the ratio of the change in y to the change in x is called.

• A)slope
• B)x-intercept
• C)equilibrium point
• D)break-even point

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Definitions:

Market Price

The going rate at which a product or service is available for buying or selling in a particular market.

Pure Competition

A market structure characterized by an extremely high level of competition, where no single buyer or seller has the power to influence prices or market conditions.

Agriculture

The practice of cultivating the land and raising livestock for food, fiber, and other products.

Economic Profits

The earning surplus after all forms of expenses, direct and indirect, are deducted from total earnings.