Answer:
Slope
Step-by-step explanation:
Given
The above statement
Required
What compares the steep of linear functions
Literally, steepness means slope.
So, when the slope of the two linear functions are calculated, we can make comparison between the calculated slopes to determine which of the functions is steeper or less steep.
Also:
Higher slope means steeper line
e.g.
4 is steeper than 1
Answer:
How many items did Bob produce last week? 32 items.
Step-by-step explanation:
(1) Last week Bob was paid total of $480 for the items that he produced that week.
(2) This week Bob produced 2 items more than last week and was paid a total of $510 for the items that he produced this week.
a) Let's start with the simplest case: he produced 36 or less items this week.
In this case he produced less than 36 items last week too.
So he was paid the same amount of dollar per item.
Using (1) and (2) assumptions we have:
$480+2X=$510
⇒2X=$510-$480
⇒2X=$30
⇒2X=$30/2
⇒X=$15
He was paid $15 per item.
Last week he was paid $480.
480/15= 32 items.
This week he was paid $510.
510/15=34 items.
The other cases has no solutions.
Answer:
C
Step-by-step explanation:
Answer:
Step-by-step explanation:
Given that a firm has a price of $5, an average total cost of $7, and an average variable cost of $4
Price = 5
Var cost = 4
Contribution = 1 dollar per unit
Since contribution is positive, there is scope for getting profit by increasing production.
In the short run, you should __operate______(operate/shut down) because __Price______exceeds ________ average variable cost price . In the long run, you should __exit______(stay in/exit) the market because ________ average total cost price exceeds____price.______average variable cost price average total cost
Answer:
1
Step-by-step explanation:
