Below Are the Graphs of (I) $f(x)$ , and (Ii) $\int_{0}^{x} f(t) d t$

question 31

Multiple Choice

Below are the graphs of (i) $f(x)$ , and (ii) $\int_{0}^{x} f(t) d t$ (not necessarily in that order) . Which one is the graph of (ii) ?

• A)The first one.
• B)The second one.

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Definitions:

Marginal Resource Cost

The added expenditure for making one more unit of a product or service.

Profit-Maximizing

The process or strategy undertaken by a firm to achieve the highest possible profit from its operations, considering factors like pricing, production, and cost management.

Labor Demand Curve

A downward-sloping curve that represents how the quantity of labor demanded by employers changes as the wage rate changes.

Purely Competitive

Purely competitive markets are those in which numerous small firms compete against each other, and the price of goods or services is determined by the market with no single participant having significant control over it.