Choose the One Alternative That Best Completes the Statement or Answers

question 488

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
The graph of a logarithmic function is shown. Select the function which matches the graph.
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• A) \(f ( x ) = \log _ { 3 } ( - x )\)
• B) \(f ( x ) = \log _ { 3 } x\)
• C) \(f ( x ) = 1 - \log _ { 3 } x\)
• D) \(f ( x ) = - \log _ { 3 } x\)

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Definitions:

Reservation Price

The maximum amount an individual is willing to pay for a good or service.

Utility Function

An economic depiction of the way a consumer prioritizes various goods or combinations of goods.

Revenue Maximizing Price

The price point at which a company can generate the maximum amount of revenue from selling its product or service, considering the demand and cost factors.

Football Tickets

Football tickets are passes that allow entry to watch a football game, often sold by teams or authorized vendors.