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

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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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Microeconomics

ISBN: 978-1429283434

3rd edition

Authors: Paul Krugman, Robin Wells

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