Decide whether the figure is convex or not convex.
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Definitions:
Rate of Return
The gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.
Marginal Costs
The price increase resulting from the creation of an additional unit of a product or service.
Marginal Costs
The heightened cost linked to the creation of an extra unit of a product or service.
Inverse Demand Function
A mathematical representation that expresses the price of a good or service as a function of the quantity demanded.
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