If a Straight Line Passes Through the Point X =

question 108

Multiple Choice

If a straight line passes through the point x = 24 and y = 8 and also through the point x = 8 and y = 16, the slope of this line is

• A)negative 8 divided by 4.
• B)seven-tenths.
• C)negative one-half.
• D)one and one-half.

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Definitions:

Demand Schedule

A table that lists the quantity of a good or service that consumers are willing and able to purchase at various prices.

Marginal Cost

The cost upsurge due to the production of one extra unit of a product or service.

Marginal Revenue

The supplementary income generated through the sale of an additional unit of a good or service.

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing and able to purchase at various prices.