To calculate the slope of a line, find the vertical distance between two points and divide it by the horizontal distance between the same two points.
Answer the following statement true (T) or false (F)
True
This is the same as rise over run, or change in y divided by change in x.
You might also like to view...
Which of the following statements is true?
A) The average product of labor is at its maximum when the average product of labor equals the marginal product of labor. B) The average product of labor tells us how much output changes as the quantity of workers hired changes. C) The average product of labor is at its minimum when the average product of labor equals the marginal product of labor. D) Whenever the marginal product of labor is greater than the average product of labor the average product of labor must be decreasing.
What describes the graphical relationship between average product and marginal product?
A) Average product cuts marginal product from above, at the maximum point of marginal product. B) Average product cuts marginal product from below, at the maximum point of marginal product. C) Marginal product cuts average product from above, at the maximum point of average product. D) Marginal product cuts average product from below, at the maximum point of average product. E) Average and marginal product do not intersect.