Use a Graphing Utility to Find the Equation of the Line

question 47

Multiple Choice

Use a graphing utility to find the equation of the line of best fit. Round to two decimal places, if necessary.
- $$\begin{array} { l | c c c c c } \mathrm { x } & 10 & 20 & 30 & 40 & 50 \\\hline \mathrm { y } & 3.9 & 4.6 & 5.4 & 6.9 & 8.3\end{array}$$

• A) y = 0.11x + 2.49
• B) y = 0.5x - 2
• C) y = x - 8
• D) y = 0.17x + 2.11

Interpret the effects of changes in consumer income and prices on budget lines and utility maximization.

Describe the relationship between the marginal rate of substitution and movements along an indifference curve.

Recognize the significance of the slope of a budget line in consumer choice.

Distinguish between total utility and marginal utility and their respective roles in consumer decision-making.

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Definitions:

Beneficial Results

Positive outcomes or advantages resulting from a particular action or process.

Hopelessness

A state of despair characterized by a perceived lack of options, solutions, or future possibilities.

Suicide

The purposeful act of causing oneself to die.

Cognitive Distortions

Inaccurate or irrational thoughts and belief systems that reinforce negative thinking and emotions.