If the Function Is One-To-One, List the Inverse Function by Switching

question 24

Multiple Choice

If the function is one-to-one, list the inverse function by switching coordinates or inputs and outputs.
- $\begin{array}{l|c|c|c|c|c|c}\text { Month of } 1999 \text { (input) } & \text { Jan } & \text { Feb } & \text { Mar } & \text { Apr } & \text { May } & \text { Jun } \\\hline \begin{array}{l}\text { Sales of Product A } \\\text { (output) }\end{array} & 5010 & 5139 & 5526 & 6042 & 5397 & 5655\end{array}$

• A)\(\begin{array}{l|l|l|l|l|l|l}
• \text { Month of } 1999 \text { (input) } & \text { Jan } & \text { Feb } & \text { Mar } & \text { Apr } & \text { May } & \text { Jun } \\
• \hline \text { Sales of Product A } & & & & & & \\
• \text { (output) } & 5010 & 5139 & 5526 & 6042 & 5397 & 5655
• \end{array}\)
• B)\(\begin{array}{l|c|c|c|c|c|c}
• \text { Sales of Product A } & & & & & & \\
• \text { (input) } & 5010 & 5139 & 5526 & 6042 & 5397 & 5655 \\
• \hline \text { Month of } 1999 \text { (output) } & \text { Jan } & \text { Feb } & \text { Mar } & \text { Apr } & \text { May } & \text { Jun }
• \end{array}\)
• C)\(\begin{array}{l|c|c|c|c|c|c}
• \text { Sales of Product A } & & & & & & \\
• \text { (input) } & 5010 & 5139 & 5526 & 5397 & 6042 & 5655 \\
• \hline \text { Month of } 1999 \text { (output) } & \text { Jan } & \text { Feb } & \text { Mar } & \text { Apr } & \text { May } & \text { Jun }
• \end{array}\)
• D)\(\text { not one-to-one }\)

Understand the concept of the shutdown point and its importance for the firm.

Identify the minimum price at which a firm would continue operating in the long run.

Understand how to label and interpret short-run and long-run supply curves on a graph.

Differentiate between most efficient output and most profitable output for the firm.

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Definitions:

Neutral

Having no strongly positive or negative qualities, characteristics, or feelings; characterized by impartiality or absence of bias.

Communication

The process of sharing information, ideas, thoughts, and messages with others through spoken words, writing, or other mediums.

Negotiating Parties

The individuals or groups involved in discussions to reach a mutual agreement or resolve differences, often regarding contracts, terms of sale, or disputes.

Relevant Issues

Matters or topics that are directly related to and important for a particular subject, objective, or discourse.