« previous next »

Author Question: It is impossible to represent a three variable relationship in a two-dimensional graph. Is this ... (Read 55 times)

Beheh

  • Hero Member
  • *****
  • Posts: 520
on: Jun 29, 2018
It is impossible to represent a three variable relationship in a two-dimensional graph. Is this statement true or false? Explain your answer.
 
  What will be an ideal response?

Question 2

An industry with a high concentration ratio might still be competitive if
 
  A) there are no close substitutes for its product.
  B) its barriers to entry are low.
  C) its production is geographically concentrated.
  D) it has a high ratio of value added to sales.


ms_sulzle

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

The statement is false because it is possible to represent a three variable relationship in a two dimensional graph. To do so, start by focusing on two of the variables. Assume that the third variable does not change (the ceteris paribus assumption) and then graph the relationship between the two variables. The graph shows how these two variables are related when the third variable does not change. When the third variable does change, then the entire relationship between the two graphed variables changes. In other words, the line showing the relationship between the two graphed variables shifts so that it becomes an entirely new line. The shift in the line shows how the third variable influences the other two.

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Beheh

  • Hero Member
  • *****
  • Posts: 520
Reply #2 on: Jun 29, 2018
Thank you


ms_sulzle

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

An example of a homeostatically controlled variable: blood levels of glucose in a human. An example of a homeostatically controlled variable: blood levels of glucose in a human.
One-dimensional NMR spectrum of a globin from a marine blood worm One-dimensional NMR spectrum of a globin from a marine blood worm
Graph of 3 compounds tested Graph of 3 compounds tested
If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ... If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ...
The relationship between the number of stem cell divisions in the lifetime of a given tissue and the The relationship between the number of stem cell divisions in the lifetime of a given tissue and the
Relationship Between the Atlas and the Axis. The Dens of the Axis Provides a Pivotal Point Around Wh Relationship Between the Atlas and the Axis. The Dens of the Axis Provides a Pivotal Point Around Wh
Video: Enzyme structure - Properties of enzymes

For a complete list of videos, visit our video library