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henry11 henry11
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A year ago


Short description: A graph plots fertilizer applied per acre of wheat against yield per acre in tonnes. Long description: The horizontal axis representing fertilizer applied per acre of wheat ranges from 0 to 80, in increments of 10. The vertical axis representing yield per acre in tonnes ranges from 0 to 6, in increments of 1. The graph shows a curve that passes through the following points: A (10, 2.5), B (30, 4.8), and C (60, 6.2). A vertical dashed line is drawn from the points to meet the horizontal axis. Note: all values are approximate.

FIGURE 2-4

Refer to Figure 2-4. This non-linear function shows that over the range shown,



▸ as more fertilizer is applied, the total yield per acre is diminishing.

▸ as the yield per acre increases, the amount of fertilizer required per acre is increasing.

▸ as more fertilizer is applied, the marginal response in yield is increasing.

▸ as more fertilizer is applied, the marginal change in yield is diminishing.

▸ as the yield per acre increases, the amount of fertilizer required per acre is diminishing.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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snowcat012snowcat012
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henry11 Author
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A year ago
This site is awesome
kh540941
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Yesterday
Good timing, thanks!
mikeh209
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Thanks
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