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Microeconomics: Principles & Policy

14th Edition
William J. Baumol + 2 others
Publisher: Cengage Learning
ISBN: 9781337794992

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Chapter
Section
BuyFindarrow_forward

Microeconomics: Principles & Policy

14th Edition
William J. Baumol + 2 others
Publisher: Cengage Learning
ISBN: 9781337794992
Chapter 1.A, Problem 2TY
Textbook Problem
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From Figure 5, calculate the slope of the curve at point M.

To determine

To find:

The value of the slope at the point M.

Explanation of Solution

Slope: The slope represents the steepness of line or it is the ratio of the change in values on Y-axis and X-axis.

  

   Slope = Δ Value of Y axisΔ Value of X axis

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