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greyfrost greyfrost
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2 years 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. The slope of the non-linear function changes as we move along the curve. The slope is



▸ negative and increasing, indicating an increasing marginal response.

▸ constant at all points, indicating a constant marginal response.

▸ negative and decreasing, indicating a diminishing marginal response.

▸ positive and increasing, indicating an increasing marginal response.

▸ positive and decreasing, indicating a diminishing marginal response.
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Microeconomics

Microeconomics


Edition: 17th
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PWT82PWT82
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Helped a lot
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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