For the Given Supply and Demand Equations, Find the Consumer $\begin{array}{lr}\text { Demand }&\text { Supply }\\p=100-0.00006 x&p=80+0.00002 x\end{array}$

question 63

Multiple Choice

For the given supply and demand equations, find the consumer surplus. $\begin{array}{lr}\text { Demand }&\text { Supply }\\p=100-0.00006 x&p=80+0.00002 x\end{array}$

• A)$1,875,000
• B)$2,812,500
• C)$2,062,500
• D)$2,250,000
• E)$625,000

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Definitions:

Receivable Turnover

A financial metric that measures how many times a company can turn its accounts receivable into cash during a period.

Inventory Turnover

A financial metric that measures how many times a company has sold and replaced its inventory over a certain period of time.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations with its current assets, calculated as current assets divided by current liabilities.

Acid-test Ratio

A strict measure used to assess if a company possesses sufficient current assets to pay off its short-term obligations without the need to liquidate its stock.