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Byju's Answer
Standard XI
Economics
Profit Maximisation Condition for a Firm
Fixed payment...
Question
Fixed payment for 152 words is $25. From the given data, the rate of change will be
cents/extra word.
A
2
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B
3
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C
4
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D
6
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Solution
The correct option is
B
3
Here it is given that,
Initial value for 152 words
=
$
25
=
2500
c
e
n
t
s
You know,
Rate of change = slope =
C
h
a
n
g
e
i
n
y
C
h
a
n
g
e
i
n
x
Let us consider the points (162,31) and (178,79).
By putting the values from graph, we get:
Slope
=
79
−
31
178
−
162
=
48
16
=
3
∴ The rate of change is 3 cents/extra word.
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