Use a Graph to Determine Intercepts
Use the Graph to Determine

question 188

Multiple Choice

Use a Graph to Determine Intercepts
Use the graph to determine the x- and y-intercepts.
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• A) \(x\)-intercepts: \(- 3,3 ; y\)-intercepts: \(- 2,2\)
• B) \(x\)-intercepts: \(- 3,3\)
• C) \(\mathrm { y }\)-intercepts: \(- 2,2\)
• D) \(x\)-intercepts: \(- 2,2 ; y\)-intercepts: \(- 3,3\)

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Definitions:

Comparative Advantage

An economic theory stating that a country or individual can produce goods at a lower opportunity cost than their trade partners, leading to more efficient trade outcomes.

Absolute Advantage

A situation where an entity can produce a good or service more efficiently (using fewer resources) than another entity.

Opportunity Cost

The expense incurred by not choosing the next most favorable option during a decision-making process.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, a foundational concept in economics that emphasizes the potential benefits that are missed when choosing one option over another.