C) remain constant on either side of the maximum point.
D) increase before and after the maximum point.
E) decrease before and after the maximum point.
Answer: A
Topic: Maximum
Skill: Level 2: Using definitions
Section: Chapter 1 Appendix - Checkpoint 2
Status: Old
AACSB: Analytic skills
62) In the figure above, the relationship between the x variable and the y variable
A) is positive.
B) is negative.
C) starts by being positive and then becomes negative.
D) starts by being negative and then becomes positive.
E) is non-existent because the two variables are unrelated.
Answer: C
Topic: Maximum
Skill: Level 2: Using definitions
Section: Chapter 1 Appendix - Checkpoint 2
Status: Old
AACSB: Analytic skills
63) If a curve falls and then rises, it
A) has a maximum.
B) has a minimum.
C) has a linear relationship.
D) has a constant slope relationship.
E) shows no relationship between the two variables.
Answer: B
Topic: Minimum
Skill: Level 1: Definition
Section: Chapter 1 Appendix - Checkpoint 2
Status: Old
AACSB: Analytic skills
64) Moving from left to right, a U-shaped curve starts with a
A) positive slope, reaches a maximum, then ends with a negative slope.
B) positive slope, reaches a minimum, then ends with a negative slope.
C) negative slope, reaches a maximum, then ends with a positive slope.
D) negative slope, reaches a minimum, then ends with a positive slope.
E) negative slope, reaches a minimum, then ends with a negative slope.
Answer: D
Topic: Minimum
Skill: Level 2: Using definitions
Section: Chapter 1 Appendix - Checkpoint 2
Status: Old
AACSB: Analytic skills
65) The minimum point of a U-shaped curve
A) is a point where the variable is neither increasing nor decreasing.
B) has a slope equal to zero.
C) has the maximum slope possible.
D) Both answers A and B are correct.
E) Both answers A and C are correct.
Answer: D
Topic: Minimum
Skill: Level 1: Definition
Section: Chapter 1 Appendix - Checkpoint 2
Status: Old
AACSB: Analytic skills
66) An economist observed that as more computers are added to a factory, the costs of production initially decline, reach a minimum, and then rise. In a diagram that has costs on the vertical axis and the number of computers on the horizontal axis, the relationship always is
A) negative and then linear after the minimum point.
B) positive and then negative after the minimum point.
C) negative and then positive after the minimum point.
D) linear and then positive after the minimum point.
E) negative both before and after the minimum point.
Answer: C
Topic: Minimum
Skill: Level 3: Using models
Section: Chapter 1 Appendix - Checkpoint 2
Status: Old
AACSB: Analytic skills
67) If whenever one variable increases, another variable also increases, then these two variables are ________ related.
A) positively
B) negatively
C) inversely
D) cross-sectionally
E) trend-line
Answer: A
Topic: Positive relationship
Skill: Level 1: Definition
Section: Chapter 1 Appendix - Checkpoint 2
Status: Old
AACSB: Analytic skills
68) The graph shows a
A) positive relationship that becomes steeper.
B) negative relationship that becomes steeper.
C) positive relationship that becomes less steep.
D) negative relationship that become less steep.
E) negative trend between the total cost of a cake and the output of cakes.
Answer: A
Topic: Positive relationship
Skill: Level 3: Using models
Section: Chapter 1 Appendix - Checkpoint 2
Status: Old
AACSB: Analytic skills
69) A graph of the relationship between two variables is a line that slopes down to the right. These two variables are ________ related.
A) positively
B) directly
C) negatively
D) not
E) trend-line
Answer: C
Topic: Negative relationship