Define Variables and Write the Sentence in Function Notation $16 A ( x ) = x$

question 60

Multiple Choice

Define variables and write the sentence in function notation. An hourly worker earns $16 per hour. The amount earned is a function of the number of hours worked.

• A) A = amount earned ($); x = number of hours worked; \(16 A ( x ) = x\)
• B) A = amount earned ($); x = number of hours worked; \(x ( A ) = 16 A\)
• C) A = amount earned ($); x = number of hours worked; \(A ( x ) = \frac { 1 } { 16 } x\)
• D) A = amount earned ($); x = number of hours worked; \(x ( A ) = \frac { 1 } { 16 } A\)
• E) A = amount earned ($); x = number of hours worked; \(A ( x ) = 16 x\)

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Definitions:

Total Surplus

The sum of consumer and producer surplus, measuring the total net benefit to society from trading a good or service.

Supply

The total amount of a specific good or service that is available to consumers, typically influenced by the price level, production costs, and other factors.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total benefits to society from the production and consumption of goods and services.

Demand

The quantity of a particular good or service that consumers are willing and able to purchase at various prices during a given period of time.