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A soda vendor at Aloha Stadium noticed that during Rainbow Warrior football games that more soda is being served the warmer the temperature during game time. Based on 40 home games covering the past 5 years, the vendor estimates the relationship between soda sales and game time temperature to be y = -240 + 8x, where y = the number of sodas sold during the game and x = the temperature during game time in degrees Fahrenheit.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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