Indicate the Quadrant in Which the Point Belongs

question 97

Multiple Choice

Indicate the quadrant in which the point belongs.
-(5, -4)

• A) I
• B) III
• C) IV
• D) II

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Definitions:

Diminishing Marginal Utility

The principle that the satisfaction or utility gained from consuming each additional unit of a good or service decreases as more of it is consumed over a certain period.

Indifference Curves

Indifference curves are graphs showing different combinations of two goods that provide equal satisfaction and utility to a consumer.

Budget Constraint

The cap on the combinations of goods a consumer is able to purchase, determined by their earnings and the cost of those items.

Utility

A measure of satisfaction or happiness that consumers derive from consuming goods and services.