The Demand Function for a Product Is Where P

question 87

Multiple Choice

The demand function for a product is where p is in millions of dollars and x is the number of thousands of units. If the equilibrium price is $6 million, what is the consumer's surplus? Round your answer to the nearest million dollars. ​

• A)114 million dollars
• B)149 million dollars
• C)83 million dollars
• D)88 million dollars
• E)174 million dollars

Understand the significance of protecting groundwater and the strategies to prevent its pollution.

Recognize the impact of human activities on marine ecosystems and strategies to mitigate these impacts.

Compare and contrast the sources and effects of oceanic and freshwater pollution.

Understand the principles of accounting for contingent liabilities and how they are reported.

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