Determine the Slope and Y-Intercept of the Function $$G ( x ) = - 5 x$$

question 160

Multiple Choice

Determine the slope and y-intercept of the function.
- $$G ( x ) = - 5 x$$

• A) \(\mathrm { m } = 5 ; \mathrm { b } = 0\)
• B) \(m = 0 ; b = - 5\)
• C) \(\mathrm { m } = - 5 ; \mathrm { b } = 0\)
• D) \(\mathrm { m } = - \frac { 1 } { 5 } ; \mathrm { b } = 0\)

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Definitions:

Raises Prices

Refers to the action or factor that causes the price of goods or services to increase.

Profit-Maximizing

A strategy or objective of firms to adjust their production and pricing to achieve the highest possible profit.

Long-Run Demand Curve

Illustrates how the quantity of a good demanded changes over time as all economic factors, including production technologies and preferences, can adjust.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for some differentiation and price control.