Find the Slope Then Describe What It Means in Terms

question 29

Multiple Choice

Find the slope then describe what it means in terms of the rate of change of the dependent variable per unit change in the independent variable.
-The linear function f(x) = 4.3x + 33 represents the percentage of people, f(x) , who graduated from college x years after 1998.

• A) m = -4.3; the percentage of people graduating from college has decreased at a rate of 4.3% per year after 1998.
• B) m = 4.3; the percentage of people graduating from college has increased at a rate of 4.3% per year after 1998.
• C) m = 4.3; the percentage of people graduating from college has decreased at a rate of 4.3% per year after 1998.
• D) m = 33; the percentage of people graduating from college has increased at a rate of 33% per year after 1998.

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Definitions:

Marginal Revenue

The additional revenue that a firm receives from selling one extra unit of a product or service.

Demand Schedule

A Demand Schedule is a tabular representation of the relationship between the price of a good or service and the quantity demanded by consumers, underlining the law of demand.

Patents

Legal documents granting an inventor exclusive rights to produce, use, and sell an invention for a certain number of years.

Research And Development

A business or government activity that involves the study and creation of new products, services, or discoveries.