To Assign a Name to the Results of a Function

question 10

Short Answer

To assign a name to the results of a function, follow the expression for the function with the word ____________________ and then the name to be assigned to the result.

---

Definitions:

Absolute Amounts

Quantities that are measured without any comparison or relation to other quantities, often referring to totals in financial contexts.

Comparative Advantage

The ability of an individual or country to produce a good or service at a lower opportunity cost than others.

Production Possibilities

A curve representing all possible combinations of two goods that can be produced within a given economy when resources are fully and efficiently utilized.