Suppose the following table shows the relationship between revenue that the Girl Scouts earn and the number

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Suppose the following table shows the relationship between revenue that the Girl Scouts earn and the number of cookie boxes that they sell.
Number of cookie boxesRevenue ($)
50 ……………………………………….. 200
150 ……………………………………….. 600
250 ………………………………………..1,000
350 ………………………………………..1,400
450 ………………………………………..1,800
550 ………………………………………..2,200
a. Present the data in a scatter plot.
b. Do the two variables have a positive relationship or do they have a negative relationship? Explain.
c. What is the slope of the line that you get in the scatter plot? What does the slope imply about the price of a box of Girl Scout cookies?
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Microeconomics

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

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