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If the Demand Function for a Product Is and the Supply

question 185

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If the demand function for a product is If the demand function for a product is   and the supply function is   where p is in millions of dollars and x is the number of thousands of units. Find the consumer's surplus. Round your answer to the nearest million dollars. ​​ A) ​270 million dollars B) ​267 million dollars C) ​257 million dollars D) ​181 million dollars E) ​219 million dollars and the supply function is If the demand function for a product is   and the supply function is   where p is in millions of dollars and x is the number of thousands of units. Find the consumer's surplus. Round your answer to the nearest million dollars. ​​ A) ​270 million dollars B) ​267 million dollars C) ​257 million dollars D) ​181 million dollars E) ​219 million dollars where p is in millions of dollars and x is the number of thousands of units. Find the consumer's surplus. Round your answer to the nearest million dollars. ​​


Definitions:

Productivity

A measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various means.

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Networks of tubes, pumps, and canals used to transport water to agricultural crops to enhance growth when rainfall is not sufficient.

Power Generators

Machines or devices that transform various forms of energy into electrical power.

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