Graph the Hyperbola $\log _ { 4 } \frac { 4 x ^ { 9 } } { y }$

question 64

Essay

Graph the hyperbola. $\log _ { 4 } \frac { 4 x ^ { 9 } } { y }$

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Definitions:

Marginal Benefit

The plus in satisfaction or usefulness someone gets by consuming an extra unit of a given product or service.

Socially Optimal

A situation in economics where resources are allocated in the most efficient way from a societal perspective.

Pigouvian Tax

A tax imposed on activities that generate negative externalities, intended to correct an undesirable or inefficient market outcome by being equal in value to the externality.

Positive External Benefits

benefits that result from a product or service's use that affect someone other than the direct buyer or seller, often leading to social gains.