After Determining Whether the Variation Model Below Is of the Form

question 25

Multiple Choice

After determining whether the variation model below is of the form $y = k x$ or $y = \frac { k } { x }$ ,find the value of k.
$$\begin{array} { | c | c | c | c | c | c | } \hline x & 20 & 40 & 60 & 80 & 100 \\\hline y & \frac { 1 } { 30 } & \frac { 1 } { 60 } & \frac { 1 } { 90 } & \frac { 1 } { 120 } & \frac { 1 } { 150 } \\\hline\end{array}$$

• A) \(k = \frac { 1 } { 20 }\)
• B) \(k = \frac { 3 } { 2 }\)
• C) \(k = \frac { 5 } { 4 }\)
• D) \(k = \frac { 1 } { 10 }\)
• E) \(k = \frac { 2 } { 3 }\)

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Definitions:

Unemployment Rate

The measure of individuals in the labor force who are without jobs but are actively trying to find employment.

Price Level

A measure of the average prices of goods and services in an economy, indicating the cost of living and inflation.

Price Expectations

The anticipations of consumers, businesses, and investors about future price levels, which can influence current economic decisions and behaviors.

Long-Run Aggregate Supply

The total supply of goods and services that a country's economy can produce over time when all inputs are fully utilized.