A Function F Is Depicted in the Graph

question 139

Multiple Choice

A function f is depicted in the graph. Find any input values that produce the indicated output.
-f(x) = 3

• A)0, 4
• B)3, 1
• C)3

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Definitions:

Consumer Surplus

The gap in the total amount consumers are ready and capable of investing in a service or good and the actual outlay they make.

Maximum Price

A price ceiling set by a governing body, above which a particular good or service cannot be sold to prevent prices from becoming prohibitively high.

Actual Price

The price at which a good or service is sold in the market, as opposed to its listed or theoretical price.

Producer Surplus

The difference in the expected remuneration by producers for offering a good or service and the actual revenue they secure.