In the Ordered Pair (17,75),75 Is the

question 68

Multiple Choice

In the ordered pair (17,75) ,75 is the

• A) horizontal location of the point.
• B) the slope.
• C) the x-coordinate.
• D) the y-coordinate.

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Definitions:

Multiproduct Firms

Companies that produce and sell more than one product or service, often benefiting from economies of scope.

Technology

Refers to the application of scientific knowledge for practical purposes, especially in industry.

Short-run Average Cost

The total cost divided by the quantity of output produced, in the short term when at least one input is fixed.

Long-run Average Cost

The per-unit cost of production in the long term, where all inputs can be varied and economies of scale can be achieved.