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A horizontal line has an undefined slope?
No, the slope of a horizontal line is 0. The slope of a vertical line is undefined.
What is the US poverty line?
For a family of 2 the US poverty line is $15,730. For a family of four the poverty line is $23,850.
What percent of Iran is above the poverty line?
79% of the people in Iran are above the poverty line while 21% is below the poverty line.
Define isocost line?
A line along which the cost of something -- usually a combination of two factors of production -- is constant. Since these are usually drawn for given prices, which are therefore constant along the line, an isocost line is usually a straight line, with slope equal to the ratio of the (factor) prices.
What is budget line and show the shift in budget line?
A budget line is a locus of combination of two goods a consumer can afford to buy with his/her income.shift in a budget line can be caused by various factors like a change in individuals income
