« previous next »

Author Question: It is impossible to represent a three variable relationship in a two-dimensional graph. Is this ... (Read 72 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?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Summation of Heart Sounds, Variable S1 Summation of Heart Sounds, Variable S1
Sketch a graph of the function h(x), by hand on the following interval: Sketch a graph of the function h(x), by hand on the following interval:
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 ...
Use Fleury’s algorithm to determine Euler Circuit in the following graph. Exhibit exactly one ... Use Fleury’s algorithm to determine Euler Circuit in the following graph. Exhibit exactly one ...
The graph of y = sqrt(x) is vertically stretched by a factor The graph of y = sqrt(x) is vertically stretched by a factor
Anatomy of the Spinal Cord: Three-Dimensional Anterior View of the Spinal Cord and the Meningeal Cov Anatomy of the Spinal Cord: Three-Dimensional Anterior View of the Spinal Cord and the Meningeal Cov
Video: Cardiac Cycle (Part 1 of 4)

For a complete list of videos, visit our video library