Which of the Following Is Not Needed to Compute the Y-Intercept

question 36

Multiple Choice

Which of the following is not needed to compute the y-intercept using the method of least squares?

• A) M_Y
• B) M_X
• C) M_XY
• D) the slope

Comprehend the concept of marginal analysis in economic decision-making.

Recognize the significance of the ceteris paribus assumption in economic theories.

Identify the characteristics of economic theories, including their predictive abilities and the role of information in decision-making.

Acknowledge the complexity and interdisciplinary nature of economics.

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Definitions:

Lost Profits

The amount of income a business fails to earn due to disruptions, such as breaches of contract or other damages, and seeks to recover through legal claims.

Lost Volume Seller

A seller who, despite making a sale to a new customer, still suffers a loss because they would have been able to make that sale in addition to the original sale that was canceled or breached.

Good Faith

The sincere intention to be fair, open, and honest, regardless of the outcome of an agreement or transaction.

Specific Performance

A court order compelling a party to execute a contract according to its precise terms when monetary compensation is inadequate.