Find the Consumer Surplus and Producer Surplus $p = 100 - 0.03 x$

question 32

Multiple Choice

Find the consumer surplus and producer surplus.
Demand $p = 100 - 0.03 x$
Supply $p = 35 + 0.1 x$

• A)Consumer surplus: $3,750Producer surplus: $12,800
• B)Consumer surplus: $3,750Producer surplus: $12,500
• C)Consumer surplus: $3,750Producer surplus: $12,600
• D)Consumer surplus: $3,750Producer surplus: $12,900
• E)Consumer surplus: $3,750Producer surplus: $12,700

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Definitions:

Profit Centers

Individual departments or divisions within a company that are responsible for generating their own revenue and profits.

Square Footage

The measurement of area in square feet, often used to determine the size of a room, building, or piece of land.

Indirect Expense

Costs that are not directly linked to a specific product, service, or cost object and often relate to the general operation of a business.

Investment Turnover

A measure of a company's efficiency in using its assets to generate sales revenue, calculated by dividing sales by the average total assets.