What Is the Slope for the Points X 1 =

question 13

Multiple Choice

What is the slope for the points X 1 = 30, Y 1 = 50 and X 2 = 25 and Y 2 = 40?

• A) 2.00
• B) 0.50
• C) - 2.00
• D) - 0.50

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Definitions:

Consumer Surplus

The variance between the aggregate sum consumers are prepared and capable of spending for a product or service and the aggregate sum they end up paying.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and the actual amount they receive following trade.

Marginal Benefit

The boost in pleasure or utility a person gets from purchasing one more unit of a product or service.

Output

The aggregate output of products or services generated by an enterprise, sector, or economic system over a defined time frame.