A time series graph
A) uses bars rather than lines.
B) is not useful if the goal is to determine a variable's trend.
C) shows points that are scattered.
D) depicts a series of good economic times a nation had.
E) shows how a certain variable changes over time.
E
Economics
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If a household has an income of $40 and buys only bus rides at $2 each and magazines at $4 each, what is the equation of the household's budget line?
What will be an ideal response?
Economics
In the short run, total costs equal
A) the sum of total fixed costs and total variable costs. B) the sum of total fixed costs and total explicit costs. C) the sum of total variable costs and total implicit costs. D) the sum of total fixed costs and total implicit costs.
Economics