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A manager invests $400,000 in a technology that should reduce the overall costs of production.The company managed to reduce their cost per unit from $2 to $1.85.All else equal,if the firm continues its production in the same economic environment,the firms accounting profits should
Slope
Mathematically, the rate of change or gradient of a line, representing the ratio of the vertical change to the horizontal change between two points on the line.
Regression Analysis
A statistical method for examining the relationship between a dependent variable and one or more independent variables.
Statistical Models
Representations of complex systems through mathematical formulas and algorithms based on statistical principles.
Dependent Variable
The variable in an experiment or study that is expected to change in response to changes in another variable (the independent variable).
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