NEW HERE? LEARN MORE
closeclose
Last visit was: 29 Apr 2024, 02:12 It is currently 29 Apr 2024, 02:12
Decision Tracker
My Rewards
New posts
New comers' posts

Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel

The following graph shows the per-unit production cost (in dollars) of

Tags:
Find Similar Topics 
Show Tags
Hide Tags
User avatar
L
Sajjad1994
GRE Forum Moderator
Joined: 02 Nov 2016
Posts: 13966
Own Kudos [?]: 33022 [9]
Given Kudos: 5781
GPA: 3.62
Send PM
CAT Tests Forum Quiz Mode
The following graph shows the per-unit production cost (in dollars) of [#permalink] New post   18 Oct 2023, 08:14
9
Bookmarks
Expert Reply
00:00

Difficulty:

65% (hard)

Question Stats:

50% (02:04) correct 50% (02:33) wrong based on 263 sessions
Hide Show timer Statistics
Data Insights (DI) Butler 2023-24 [Question #52, Date: Oct-18-2023] [Click here for Details]


The following graph shows the per-unit production cost (in dollars) of a microchip at various quantities produced. The solid line is the trend line of unit costs as production quantity increases. The dotted line connects the points representing minimum and maximum production levels.

Attachment:
2.jpg
2.jpg [ 102.46 KiB | Viewed 2191 times ]


As the number of chips produced increases, the cost per chip .

The greatest change in the cost per chip caused by increasing production quantity occurs when the number of chips produced is .

Question #2 based on the same graph is available here
Submit
Click Submit to add this question to your Error log
ShowHide Answer
Official Answer
Dropdown 1: Decreases at a slowing rate Dropdown 2: Less than 50,000
User avatar
B
ishahere
Intern
Intern
Joined: 31 Oct 2023
Posts: 8
Own Kudos [?]: 1 [0]
Given Kudos: 13
Send PM
CAT Tests
Re: The following graph shows the per-unit production cost (in dollars) of [#permalink] New post   11 Dec 2023, 00:33
What is meant by decreasing at a slowing rate?
User avatar
L
Sajjad1994
GRE Forum Moderator
Joined: 02 Nov 2016
Posts: 13966
Own Kudos [?]: 33022 [0]
Given Kudos: 5781
GPA: 3.62
Send PM
CAT Tests Forum Quiz Mode
Re: The following graph shows the per-unit production cost (in dollars) of [#permalink] New post   11 Dec 2023, 22:20
Expert Reply
ishahere wrote:
What is meant by decreasing at a slowing rate?


It mean decreasing but at a slower rate. here is the example

100, 50, 25, 0

100, 70, 50, 35, 25, 20, 16, 13, 11, 9, 8, 7, 6, 5, 4, 3, 2, 1, 0

In both examples, the values are decreasing, but in the second example, the decrease in the value is slowing down.
User avatar
B
YuktiMaheshwari
Intern
Intern
Joined: 05 Jan 2023
Posts: 31
Own Kudos [?]: 4 [0]
Given Kudos: 15
Send PM
Re: The following graph shows the per-unit production cost (in dollars) of [#permalink] New post   02 Mar 2024, 12:54
Please explain the question 2?
User avatar
L
Sajjad1994
GRE Forum Moderator
Joined: 02 Nov 2016
Posts: 13966
Own Kudos [?]: 33022 [0]
Given Kudos: 5781
GPA: 3.62
Send PM
CAT Tests Forum Quiz Mode
Re: The following graph shows the per-unit production cost (in dollars) of [#permalink] New post   02 Mar 2024, 23:33
Expert Reply
 
YuktiMaheshwari wrote:
Please explain the question 2?


Official Explanation

The greatest change in the cost per chip caused by increasing production quantity occurs when the number of chips produced is ___________.

Explanation

­Each increase in the number of chips produced causes a decrease in cost per chip, but the first increase will have the most dramatic effect. The greatest change in the cost per chip occurs when the vertical change is largest—that is, when the line connecting adjacent points is the steepest. This occurs for early increases in production, when the number of chips produced is less than 50,000.

Answer: less than 50,000
GMAT Club Bot
gmatclubot
Re: The following graph shows the per-unit production cost (in dollars) of [#permalink]
02 Mar 2024, 23:33
Moderators:
Bunuel
Math Expert
92987 posts
BottomJee
DI Forum Moderator
1030 posts
chetan2u
RC & DI Moderator
11184 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne
Main navigation
GMAT Resources
Partners
MBA Resources
www.gmac.com|www.mba.com | | GMAT Club Rules | Terms and Conditions