Table 3-12 -Refer to Table 3-12.Assume That the Farmer and the Rancher

question 30

Multiple Choice

Table 3-12

-Refer to Table 3-12.Assume that the farmer and the rancher each has 40 labor hours available.If each person divides his time equally between the production of meat and potatoes,then total production is

• A) 5 pounds of meat and 4 pounds of potatoes.
• B) 6 pounds of meat and 7.5 pounds of potatoes.
• C) 7.5 pounds of meat and 6 pounds of potatoes.
• D) 10 pounds of meat and 8 pounds of potatoes.

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Definitions:

Downward Sloping

Describes a line on a graph that shows a decrease in one variable as another variable increases, often used to illustrate laws of demand in economics.

Negatively Related

A term used to describe two variables that move in opposite directions; as one increases, the other decreases.

Same Direction

A term indicating that two or more variables move in tandem, either increasing or decreasing together.

Y-variable

In statistical modeling and experiments, the dependent variable that is influenced or predicted by another variable (X-variable), used to measure outcomes or results.