A Subsidy to Buyers Has Been Placed on the Market

question 70

Multiple Choice

A subsidy to buyers has been placed on the market in the graph shown. What is the amount of the subsidy per unit of this good?

• A) $22
• B) $16
• C) $10
• D) $6

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Definitions:

Logarithm

The power to which a base, such as 10, must be raised to produce a given number. Expressed as \(log_{base}(number) = exponent\).

Function

A relation between sets that associates each element of a first set to exactly one element of the second set.

Graph

A visual representation of data, equations, or relationships between variables.

Logarithm

The exponent to which a base, often 10 or e, needs to be elevated to yield a specific number.