If the Supply Function for a Commodity Is Where

question 119

Multiple Choice

If the supply function for a commodity is where p is in millions of dollars and x is the number of thousands of units. What is the producer's surplus at ? Round your answer to the nearest million dollars. ​

• A)1,890,953 million dollars
• B)2,875,020 million dollars
• C)1,790,850 million dollars
• D)2,079,000 million dollars
• E)1,890,000 million dollars

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Definitions:

General Jurisdiction

The broad authority of a court to hear virtually any type of case, without limitation to subject matter or geographic area.

State Trial Courts

Courts within a state that have jurisdiction to hear cases involving state laws and disputes.

County, District

Administrative or geographic subdivisions within a country, used for the purposes of political, administrative, or governmental management.

Minimum-Contacts Test

A legal standard used to determine whether a court has jurisdiction over an out-of-state defendant based on the defendant's activities within the state.