The Horizontal Axis in a Graph

question 285

Multiple Choice

The horizontal axis in a graph

• A) measures time on a scatter diagram.
• B) measures the quality of a variable.
• C) is named the y-axis.
• D) is named the x-axis.
• E) is called the origin.

---

Definitions:

Total Cost

The aggregate cost of all inputs used in the production of goods or services, including fixed and variable costs.

Purely Competitive Seller

A seller in a market where there are many sellers and buyers, the product is standardized, and no single seller can influence the market price.

Shut Down

A temporary closure of a business or operation.

Marginal Cost

The expenditure required to produce one more unit of a product or service.