Which Point Is Nearest the Y Axis

question 65

Multiple Choice

Which point is nearest the y axis?

• A) (-3, 4)
• B) (4, 5)
• C) (-5, 3)
• D) (5, -2)

---

Definitions:

Consumer Equilibrium

A state in which a consumer has allocated their income in a way that maximizes their total utility, given the prices of goods and services.

Total Utility

The total satisfaction received from consuming a particular quantity of goods and services.

Indifference Curve

A graph representing combinations of two goods or services among which a consumer is indifferent, showing preference levels.

Optimal Consumption

The mix of goods and services that maximizes consumer utility or satisfaction given their budget constraints.