One economic application of the slope of a line is
A)measuring unlimited wants
B)behavioral analysis
C)marginal analysis
D)allocative efficiency
E)rational self-interest

Question

Quizplus · Accepted Answer

The slope of a line represents the rate of change between two variables. In economics, this is often used for marginal analysis, which involves examining the change in one variable as another variable changes. The slope of a line can help determine the marginal cost or benefit of a particular action, which is important for making rational economic decisions. Therefore, option C (marginal analysis) is the best choice.

One Economic Application of the Slope of a Line Is