When you "raise a point", you are bringing up an issue to be discussed. After someone has raised a point, you can refer to it as "the point [that has been] raised."
One possible sense of take is consider, as in "take, for example, the lowly worm." (You are not being asked to physically acquire a worm, but to think about some aspect of it.)
Thus, when you want others to examine the issue that someone brought up, you can ask them to "take the point raised".
To use X - X here has to be a tool, and to use X will mean do an activity where X will help or is needed to accomplish that activity. E.g.: Use the pen to write down what I say. A pen is a tool that is needed to accomplish writing.
To make use of X - This is like to use X except that X is not necessarily needed to complete the activity in question, but it will help. E.g.: Feel free to make use of anything in my spice rack when you start cooking. The spices might help, but aren't strictly required.
To tap into X - A physical tap is something that allows one to draw out or extract water, liquid, or other similar resource from a stream, network, or container. Following this logic, tapping into something can mean attempting to draw out or extract something needed (from someone) that can help you complete an activity, and this something will not be a physical object but a mental resource such as knowledge, skill, social connections, etc. Tap into your customer service skills when dealing with difficult requests.
So ...
A market in my opinion at least, that can be tapped into. Graduates would more likely be something made use of unless your location is starved for the skills of this specific group of graduates. Tap into X somewhat carries the subtext of X is needed by us but not vice versa.
And,
Can you make use of these papers?
Can you use these papers?
The difference in meaning depends on what the papers contain and how useful they are to the person you are offering to them. If you think they will help, but aren't required, make use of is appropriate. If you think they are needed by him to accomplish his task, use is appropriate.
Best Answer
Michael Swan indeed states in Unit 84 of his "Practical English Usage" that at first is often followed by but.
But often does not mean always and does not mean in the same sentence. A contrast might be provided in a following sentence or not provided expressly and remain an implication only.
Here, we use no but but a contrast is provided in a sequent sentence.