The statement which best describes the point (0, 0) on the graph is:
No fine is paid if the laptop is returned exactly at the time at which it is due.
The horizontal axis i.e. the x-axis represent the number of minutes a loaner laptop is overdue and the vertical axis i.e, the y-axis represents the fine that a college student pays to the library based on the x-value.
The ordered pairs on the graph are: (0,0) , (2,0.70) , (4,1.40) and (6,2.10).
The coordinate (0,0) represents that the number of minutes overdue were zero i.e. it is the initial time and at that time there will be no fine on the laptop.
( Since, the first ordinate i.e. time is zero and the second ordinate i.e. the fine is also zero)
This means if the laptop is returned at the right time then there will be no fine.
Hope this can help!!! :)