Which of These Has a Geometric Model

question 3

Multiple Choice

Which of these has a geometric model?

• A) The number of hits a baseball player gets in 6 times at bat.
• B) The number of cards drawn from a deck until we find all four aces.
• C) The number of black cards in a 10-card hand.
• D) The colors of the cars in the grocery store parking lot.
• E) The number of people we survey until we find someone who owns an iPod.

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Definitions:

Isocost Line

a graphical representation in economics showing all possible combinations of inputs that cost the same amount for a firm.

Price Of Capital

The cost of utilizing capital or funds in the production of goods or services, often expressed as an interest rate.

Slope

In mathematics, the steepness or incline of a line on a graph, representing the rate of change of variables.

Isocost

Represents lines on a graph showing combinations of inputs that cost the same amount.