Final answer:
M(10)=K indicates that the fee for Jayce's 10th taxi drive is K dollars. The function M(n) models the fee for the nth drive, and K represents the dollar amount for the 10th drive.
Step-by-step explanation:
The statement M(10)=K means that Jayce's fee for his 10th drive on a certain day is equal to K dollars. The function M(n) is a way to model Jayce's fee structure, where n represents the nth drive and M(n) is the fee for that drive.
Therefore, M(10) is specifying the fee for the 10th drive, and since M(10) is equal to K, we can conclude that K is the amount of money, in dollars, that Jayce charges for the 10th drive.