The Slope of a Line Equals the

question 460

Multiple Choice

The slope of a line equals the

• A) change in the variable measured along the x-axis divided by the change in the variable measured along the y-axis.
• B) change in the variable measured along the y-axis divided by the change in the variable measured along the x-axis.
• C) change in the variable measured along the x-axis minus the change in the variable measured along the y-axis.
• D) change in the variable measured along the x-axis multiplied by the change in the variable measured along the y-axis.

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Definitions:

Indifference Analysis

A microeconomic tool used to analyze consumer preferences indicating combinations of goods among which the consumer is indifferent, showing levels of utility.

Numerically Measurable

Quantifiable or capable of being expressed or measured in numerical terms.

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, indicating the combinations provide the same level of utility to the consumer.

Total Utility

The total satisfaction received from consuming a certain quantity of goods or services.