List the Quadrant(s)in Which the Given Point Is Located

question 62

Multiple Choice

List the quadrant(s) in which the given point is located.
-The first coordinate is positive.

• A)III, IV
• B)I, II
• C)I, IV
• D)II, III

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Definitions:

Market Price

The current value at which a good or service can be bought or sold in a given market.

Short-Run Equilibrium

A state in which supply equals demand within a particular market, specifically under the assumption that some conditions (like input prices) are fixed in the short term.

Marginal Cost

The charge for the production of one more unit of a product or service.

Marginal Revenue

The enhanced earnings a firm receives from offloading an extra unit of a good or service.