In a Certain State, the Sales Tax T on the Amount

question 118

Multiple Choice

In a certain state, the sales tax T on the amount of taxable goods is 10% of the value of the goods purchased (x) , where both T and x are measured in dollars. Express T as a function of x. ​

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Definitions:

Horizontal

A line or direction parallel to the ground or to the bottom edge of a page, representing equality or uniformity in a graphical representation.

Market Price

The current price at which an asset or service can be bought or sold.

Average Variable Cost

The variable cost of production divided by the quantity of output, representing the cost of labor and materials per unit of production.

Economic Profit

The difference between the total revenue generated by a business and the total costs, both explicit and implicit.