Determine Whether the Lines Through Each Pair of Points Are

question 50

Multiple Choice

Determine whether the lines through each pair of points are parallel.
-(10, 2) and (14, 18) ; (-7, 10) and (-5, 18)

• A) parallel
• B) not parallel

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Definitions:

Substitution Effect

The change in consumption patterns due to a price change that makes one good more economically attractive than its alternatives.

Output Effect

Output Effect is the impact on total production or output when a firm adjusts its resources, such as labor or capital, in response to changes in market conditions.

Substitute Resource

A resource or product that can be used in place of another to fulfill a similar function or need.

Marginal Revenue Product Curve

A graphical representation showing how the revenue generated from selling an additional unit of a good or service changes as more units are produced.