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Unformatted text preview: (2) Monopoly Influences Competitive Assumption Click to edit Master subtitle style 77 Normative versus Positive 1. Normative statements => value judgments 2. Positive statements => statements of fact truth or falsehood can be determined empirically 88 Scientific Method means looking at realworld data Regression Analysis tests to see if there is relationship between two or more variables. 99 Example: Consumptio n Income Consumption = f (Income) Regression Analysis Click to edit Master subtitle style 1010 Math Concepts to Know 1. Function: y = f (x) y = dependent variable x = independent variable e.g. y=3x+2 If x=5, then y=17 Click to edit Master subtitle style 1111 Math Concepts to Know 2. Slope Intercept Method of graphing a straight line e.g. 2 5 . + = x y y x 2 1 3 4 1 2 3 4 5 Slope = 0.5 Intercept =2 1212 The End...
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This note was uploaded on 06/22/2011 for the course ECON 200 taught by Professor Newton during the Fall '08 term at Ohio State.
 Fall '08
 NEWTON
 Microeconomics, Macroeconomics

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