Determine If the Function Is a Power Function $$f ( x ) = 6 \cdot 7 ^ { x }$$

question 348

Multiple Choice

Determine if the function is a power function. If it is, then state the power and constant of variation.
- $$f ( x ) = 6 \cdot 7 ^ { x }$$

• A) Not a power function
• B) Power is 7; constant of variation is 6
• C) Power is x; constant of variation is 42
• D) Power is x; constant of variation is 6

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Definitions:

Direct Price Discrimination

The practice of charging different prices to different consumers for the same product or service, based on their willingness to pay.

Arbitrage

The simultaneous buying and selling of assets in different markets to exploit price differences for profit.

Elasticity of Demand

A gauge for the responsiveness of how much a product is wanted relative to fluctuations in its price.

Inelastic Demand

A market situation where the demand for a product does not significantly change with a change in price.