Express Each Equation in Slope-Intercept Form

question 29

Multiple Choice

Express each equation in slope-intercept form. Without graphing the equations, state whether the system of equations
has exactly one solution, no solution, or an infinite number of solutions.
-x + y = -1 x - y = 11

• A) no solution
• B) one solution
• C) infinite number of solutions

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Definitions:

Convex Preferences

Preferences that express a consumer's desire for diversified bundles of goods over extreme bundles, depicted graphically as convex indifference curves.

Edgeworth Box

A diagram representing various distributions of resources, used to examine issues of allocation efficiency in economics.

Indifference Curves

Graphical representations showing combinations of two goods that give a consumer equal levels of satisfaction, indicating preferences.

Pareto Optimal

A condition of resource allocation in which it is impossible to make any one individual better off without making someone else worse off, signifying an efficient distribution of resources.