Find an Equation in Slope-Intercept Form (Where Possible) for the Line

question 94

Multiple Choice

Find an equation in slope-intercept form (where possible) for the line.
- $y$ -intercept $-1, x$ -intercept 2

• A) \( y=-2 x+2 \)
• B) \( y=2 x+2 \)
• C) \( y=\frac{1}{2} x-1 \)
• D) \( y=-\frac{1}{2} x-1 \)

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Definitions:

Breaks Even

Achieves a situation where there is no profit or loss, synonymous with the concept of the break-even point but phrased differently.

Perfectly Competitive

Describes a market structure where no single buyer or seller has market power, products are homogeneous, information is freely available, and there is free entry and exit of firms.

Market Demand Curve

A graphical representation of the quantity demanded at various prices by all consumers in the market.

Individual Corn Producer's Demand Curve

A graphical representation showing the quantity of corn that an individual producer is willing and able to sell at various prices, typically downward sloping.