Microeconomics,, 16th Canadian Edition

([email protected]) #1

  1. The figure below shows a monthly cost curve for the production
    of Good X.


a. Calculate the slope of this non-linear function at points
B, and C.
b. Is the marginal response of the cost of production of
Good X to the change in the quantity produced of Good
increasing or decreasing?
c. Is the slope of this function increasing or decreasing as
the volume of production increases?
Free download pdf