Solve the Problem $y = a x + b$ That Passes Through the Points

question 408

Multiple Choice

Solve the problem.
-Find the equation of the line $y = a x + b$ that passes through the points $( - 4,3 )$ and $( 2 , - 8 )$ .

• A) \(y = - \frac { 11 } { 6 } x - \frac { 13 } { 3 }\)
• B) \(y = - \frac { 5 } { 6 } x - \frac { 6 } { 35 }\)
• C) \(y = - \frac { 13 } { 3 } x - \frac { 11 } { 6 }\)
• D) \(y = - \frac { 11 } { 6 } x + \frac { 19 } { 3 }\)

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Definitions:

Marginal Decision Rule

A principle stating that an action should be taken if and only if the marginal benefits exceed the marginal costs.

ATC

Average Total Cost, which represents the total cost per unit of output, calculated by dividing the total cost by the quantity of output produced.

MR

Stands for Marginal Revenue, which is the additional income earned from selling one more unit of a good or service.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit costs and opportunity costs.