Find the Slope and the Vertical-Axis Intercept for the Equation $D = 385 + 55 t$

question 21

Multiple Choice

Find the slope and the vertical-axis intercept for the equation. Assume that the output variable is on the left. $D = 385 + 55 t$

• A) The slope is -385 and the vertical-axis intercept is 55.
• B) The slope is 385 and the vertical-axis intercept is 55.
• C) The slope is 55 and the vertical-axis intercept is 385.
• D) The slope is 55 and the vertical-axis intercept is -385.
• E) The slope is -55 and the vertical-axis intercept is 385.

Grasp the concepts of operator precedence and associativity.

Recognize control statements in Java, including loops and conditional statements.

Understand how to terminate a program or loop iteration appropriately.

Identify and use logical, relational, and arithmetic operators in Java.

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Definitions:

Long-run Equilibrium

The state in which all factors of production and costs are variable, and firms make neither excess profit nor losses, indicating stability in the market.

Perfectly Competitive

A market structure characterized by many buyers and sellers, homogeneous products, free entry and exit, and perfect information, resulting in firms being price takers.

Price

The amount of money required to purchase a good or service; the value that must be exchanged to acquire a specific product.

Short-run Industry Supply

The total quantity of goods that producers in an industry are willing and able to sell at different prices in a short period, without changing production capacity.