Linear Functions in Economics
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Questions and Answers

What is the general form of a linear function?

  • y = a / bx
  • y = f(x) = a * bx
  • y = f(x) = a + bx (correct)
  • y = a - bx
  • Which term in a linear function represents the y-intercept?

  • y
  • a (correct)
  • b
  • x
  • What does the coefficient 'b' in a linear function represent?

  • Slope (correct)
  • Constant term
  • Dependent variable
  • Y-intercept
  • Which variable is considered the independent variable in a linear function?

    <p>x</p> Signup and view all the answers

    In a linear function, what is the value of the dependent variable when x = 0?

    <p>a</p> Signup and view all the answers

    If a linear function has a negative slope, what does this indicate about the relationship between the independent and dependent variables?

    <p>They have a negative correlation</p> Signup and view all the answers

    In a linear function where b = 0, what characteristic of the function is highlighted?

    <p>The linear function is a constant function</p> Signup and view all the answers

    If in a linear function, the slope 'b' is greater than 1, how would you describe the relationship between the variables?

    <p>The dependent variable increases at a faster rate than the independent variable</p> Signup and view all the answers

    If the y-intercept 'a' in a linear function is negative, what does this imply about the relationship between the variables?

    <p>The dependent variable decreases when the independent variable increases</p> Signup and view all the answers

    What happens to the graph of a linear function if the coefficient 'b' is zero?

    <p>The graph becomes a straight horizontal line</p> Signup and view all the answers

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