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Standard XI
Economics
Isoquants
The number of...
Question
The number of screws and their price is given in the graph below. Find the unit rate.
A
0.3 dollar/unit
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B
0.6 dollar/unit
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C
0.9 dollar/unit
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D
1.2 dollars/unit
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Solution
The correct option is
A
0.3 dollar/unit
Unit rate is the slope of the line.
From the graph, take one point (4,1.2)
Slope =
y
x
=
1.2
4
= 0.3
Hence, the price of a screw is
0.3 dollar/unit.
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