Find the Equation of the Line That Passes Through the Pair

question 142

Essay

Find the equation of the line that passes through the pair of points. Write your answer in slope-intercept form. (-2, -3), (2, 7)

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Definitions:

Average Total Cost

The total cost of production divided by the number of units produced, representing the cost per unit of output.

Average Variable Cost

The total variable cost divided by the number of units produced, representing the variable cost per unit of output.

Average Fixed Cost Curve

A graphical representation showing how average fixed costs (costs that do not change with the level of output) decreases as production increases.

Output

The total amount of goods and services produced by an economy over a specific period.