Using the Following Graph, Find the Slope of the Line

question 2

Multiple Choice

Using the following graph, find the slope of the line.

• A) -0.2
• B) 0.2
• C) 5
• D) 3
• E) -5

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Definitions:

Number of Firms

Refers to the total count of business entities participating in a particular market or industry.

Long-Run Equilibrium

a state in which all factors of production can be adjusted, and all firms in the market are making zero economic profits, reflecting a situation of perfect competition.

Marginal Cost

The change in total cost that arises when the quantity produced is incremented by one unit; essentially, the cost of producing one more unit of a good.