The beginning point of a graph (the 0,0 point) is known as:
a. ground zero.
b. the quadrant.
c. the origin

A curve is plotted with y measured on the vertical axis and x measured on the horizontal axis. The slope of the curve equals

A) y divided by x. B) the change in y divided by x. C) the change in y divided by the change in x. D) y divided by the change in x.

In Problem 14, do firms enter or exit the market in the long run? What is the market price and the equilibrium quantity in the long run?

What will be an ideal response?