(Advanced Analysis) If the Equation C = 20 + 0

question 146

Multiple Choice

(Advanced analysis) If the equation C = 20 + 0.6Y, where C is consumption and Y is disposable income, were graphed,

• A) the vertical intercept would be +0.6 and the slope would be +20.
• B) it would reveal an inverse relationship between consumption and disposable income.
• C) the vertical intercept would be negative, but consumption would increase as disposable income rises.
• D) the vertical intercept would be +20 and the slope would be +0.6.

Comprehend the difference between soft and hard capital rationing and its impact on project financing.

Understand the fundamental components of a waiting-line system and its three main parts.

Describe the characteristics and components of various queuing models including M/M/1, M/D/1, and M/M/S.

Distinguish between finite and infinite source populations in waiting line systems.

---

Definitions:

Republic

A form of government in which the country is considered a "public matter" and the head of state is an elected or nominated president, not a monarch.

European Union

A political and economic union of 27 European countries that are located primarily in Europe, aiming to ensure the free movement of people, goods, services, and capital.

Nations

Large groups of people united by common descent, history, culture, or language, inhabiting a particular country or territory.

Credit Card

A financial instrument issued by banks or financial institutions allowing the cardholder to borrow funds for purchases, subject to interest and other terms.