Hi, 1: Your suggestion has been well taken. Your suggestion is a good and suitable one. A more common expression is 'Your point is well taken'.
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Clive Tom says to Fred, "I think we should do . . . . X . . . . "Hi Clive,
Fred says 'That's a good idea'.
The underlying syntax is that Tom's point was well taken by Tom, not well-taken by Fred.
It means that Tom made a good decision when he decided to offer his opinion.