You Are Given a Table Showing Input and Output Values $y _ { 1 } = f ( x )$

question 206

Multiple Choice

You are given a table showing input and output values for a given function $y _ { 1 } = f ( x )$ x) . Use the table to answer the
question.
- \[\begin{array}{l}
\text { What is the } y \text {-intercept of the graph of } y = f ( x ) \text { ? }\\

• A) 10
• B) 0
• C) 7
• D) 1

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Definitions:

Purely Competitive Market

A market structure characterized by many buyers and sellers, no barriers to entry, and a homogeneous product, leading to the firms being price takers.

Total Cost

The complete amount of costs incurred by a business in the production of goods or services, including both fixed and variable costs.

Marginal Cost

The financial outlay required to produce an additional unit of a product or service.

Total Fixed Cost

The sum of all costs that do not change with the level of output or activity.