The Y Axis of a Graph Is Also Known as the ________

question 118

Multiple Choice

The y axis of a graph is also known as the ________ and the x axis of a graph is also known as the ________.

• A) abscissa; ordinate
• B) Type I axis; abscissa
• C) ordinate; Type I axis
• D) ordinate; abscissa

Identify how prices are set in a perfectly competitive industry.

Calculate profit per unit and understand how it is maximized.

Distinguish between industry and firm demand curves in perfect competition.

Explain the significance of the lowest point on the average total cost curve.

---

Definitions:

Hypothalamus

A region of the brain below the thalamus that coordinates both the autonomic nervous system and the activity of the pituitary, controlling body temperature, thirst, hunger, and other homeostatic systems.

Hypovolemia

A medical condition characterized by a decrease in the volume of blood plasma in the body.

Diabetes Insipidus

A condition characterized by intense thirst and the excretion of large amounts of urine due to hormonal imbalances affecting water regulation in the body.

Extracellular Fluid

Extracellular fluid refers to the body fluid lying outside the cells, which includes interstitial fluid, blood plasma, and cerebrospinal fluid, playing a crucial role in transporting nutrients, oxygen, and waste products.