Find the Slope and Y-Intercept: 4x + 5y = 31

question 65

Essay

Find the slope and y-intercept: 4x + 5y = 31

---

Definitions:

Opportunity Cost

The cost of the next best alternative foregone when a decision is made.

Production Possibility Frontier

A curve depicting the limit of attainable outputs for two or more products given a fixed set of resources, showing the trade-offs in production choices.

Output

The total amount of goods or services produced by a company, sector, or economy in a given period.

Slope

In mathematics, a measure of the steepness, incline, or grade of a line, typically calculated as the ratio of rise over run.