SupposetheOpen Upversion of the tool represents the cost per unit (y) at various quantities a firm produces (x).

Use the tool to measure the slope of the function when x = 1.50.

slope =

Complete the following paragraph which interprets the slope of the function when x = 1.50.

"When the firm produces 1 unit, its cost per unit is.....If the firm increasedits production to 2 units, its cost per unit would be....., so its cost per unit would changeby......The slope of thecost per unitfunction at x = 1.50 approximates how much the(click to select) --->"total cost/total profit/cost per unit/quantity produced"changeswhen x increases by 1 unit from x = 1.00 to x = 2.00."