Two Variables Are Unrelated If Their Graph Is

question 186

Multiple Choice

Two variables are unrelated if their graph is
i. a vertical line.
Ii. a 45 degree line.
iii. a horizontal line.

• A)i, ii, and iii
• B)ii only
• C)iii only
• D)i only
• E)i and iii

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Definitions:

Minimizing Losses

A strategy focused on reducing the amount of money or resources wasted or not utilized efficiently.

Output

The total amount of goods and services produced by an economy or a firm in a specific period.

Natural Monopoly

A market condition where a single firm can supply a good or service to an entire market at a lower cost than two or more firms, often due to high fixed costs or unique resources.

Competitive Industries

Sectors of the economy characterized by a large number of firms competing fiercely with one another to sell similar products or services.