Describe what is meant by the Cartesian coordinate system. ...

[maegan_martin]

Describe what is meant by the Cartesian coordinate system.
 
  What will be an ideal response?

Question 2

For a monopsony, the marginal cost of labor exceeds the wage rate because the firm must increase the wage it pays to all of its workers if it wishes to increase its employment.
 
  Indicate whether the statement is true or false

[carojassy25]

Answer to Question 1

The Cartesian coordinate system is a method used to graph two variables. There are two axes that are perpendicular to one another. One is a horizontal line (the x-axis) and one is a vertical line (the y-axis). The intersection of these two lines is called the origin. Positive values of x lie to the right of the origin, while positive values of y lie above the origin.

Answer to Question 2

TRUE

[maegan_martin]

Thanks for the timely response, appreciate it

[bblaney]

Gracias!