0
A change in the slope of a budget line is solely the result of a change in?
Wiki User
∙ 15y ago
A change in the slope of a budget line is solely the result of a change in the consumer preference between two goods (A&B) given the cosumer's money income.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Formula for slope intercept?
You have to find the slope and y-intercept first.
Supply curve slope downward?
supplycurve is negative slope in decreasing cost industry
What is the formula for slope-intercept form?
y=mx+b where m=slope; b= y-intercept
What does slope mean?
Slope is the ratio of the rise over the run of a linear equation; the degree of steepness of a graph at any point. The word slope refers to a surface that has one side which is higher than the other. Slope means to be inclined from a horizontal or vertical line or to slant up or down.
What does the slope of the indifference curve reveal?
marginal rate of substitution
Some lines have no slope?
A horizontal line has a slope of zero. For a vertical line, the slope is not defined (change of y / change of x would result in a division by zero).A horizontal line has a slope of zero. For a vertical line, the slope is not defined (change of y / change of x would result in a division by zero).A horizontal line has a slope of zero. For a vertical line, the slope is not defined (change of y / change of x would result in a division by zero).A horizontal line has a slope of zero. For a vertical line, the slope is not defined (change of y / change of x would result in a division by zero).
Is rate of change the same as slope?
Yes, Rate of change is slope
What is the difference between a slope and rate of change?
Depends. Slope of tangent = instantaneous rate of change. Slope of secant = average rate of change.
Slope of a line is 1.66 how much change in y will result form a 2 unit increase in X?
3.32. Painfully easy.
What is the meaning of m in slope?
In slope intercept form, m IS the slope. y = mx + b slope is change in height divided by change in x direction.
Does slope equals change in y change in x?
yes, change in y over change in x equals slope
What is the difference between rate of change and slope?
Slope is blah. Rate of change is blah.
Why does a constant have a slope of 0?
"Slope" can be thought of as rate of change - and a constant doesn't change.
How do you find a slope in a line?
the slope of a line = the Change in Y divided by the Change in X
When finding the slope of the trend line what does the slope mean about the data of the scatterplot?
The slope of the trend line is the rate of change of the data. It is the ratio of the change of the dependent variable to the rate of change of the independent variable. Slope represents the value of the correlation.
What does the slope tell you about changes in x and y?
slope is change in y over change in x
What is the slope of a function?
The slope of a function is the y-intercept or the change in y, over the change in x.
