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kokomel23 kokomel23
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2 years ago

Figure 2-5 shows monthly average (per unit) production costs for producing Good X.

Short description: A graph plots units of good X produced per month against the per-unit production cost of Good X. Long description: The horizontal axis representing units of good X produced per month ranges from 0 to 1400. The vertical axis representing the per-unit production cost of good X ranges from 0 to 1300. The graph plots a curve with three tangent lines. The curve passes through the following points: A (200, 1300), B (600, 600), and C (1200, 300). The first tangent line passes through points, A and (250, 1100). The second tangent line passes through points, B and (700, 500). The third tangent line passes through points, C and (1400, 250).

FIGURE 2-5

Refer to Figure 2-5. What is the slope of this non-linear function when 200 units per month are being produced?



▸ -5.2

▸ 4

▸ 0.25

▸ -4

▸ -0.25
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Microeconomics

Microeconomics


Edition: 17th
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nalsaidynalsaidy
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kokomel23 Author
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2 years ago
Helped a lot
byehoe
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Thank you, thank you, thank you!
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this is exactly what I needed
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