1.4. Answer each of the following questions by drawing a schematic diagram. a. Taking measurements of the...

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1.4. Answer each of the following questions by drawing a schematic diagram.

a. Taking measurements of the slope of a curve at three points farther and farther to the right along the horizontal axis, the slope of the curve changes from −0.3, to

−0.8, to −2.5, measured by the point method. Draw a schematic diagram of this curve. How would you describe the relationship illustrated in your diagram?

b. Taking measurements of the slope of a curve at five points farther and farther to the right along the horizontal axis, the slope of the curve changes from 1.5, to 0.5, to 0, to

−0.5, to −1.5, measured by the point method. Draw a schematic diagram of this curve. Does it have a maximum or a minimum?

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Related Book For  book-img-for-question

Economics

ISBN: 978-0716771586

2nd Edition

Authors: Paul Krugman ,Robin Wells

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