Solve for the Indicated Variable $\mathrm { P } = 50,000 \cdot \mathrm { e } ^ { \mathrm { s } / 4 }$

question 466

Multiple Choice

Solve for the indicated variable.
- $\mathrm { P } = 50,000 \cdot \mathrm { e } ^ { \mathrm { s } / 4 }$ , for $\mathrm { s }$

• A) \(s = 4 \cdot \ln \frac { P } { 50,000 }\)
• B) \(\mathrm { s } = \ln ( 50 \mathrm { P } )\)
• C) \(\mathrm { s } = 50 \cdot \ln \mathrm { P }\)
• D) \(s = 4 \cdot \ln \frac { \mathrm { P } } { 4000 }\)

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Definitions:

Price Discrimination

Practice of charging different prices to different consumers for similar goods.

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Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually do pay.

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The strategy of selling the same product at different prices to different groups of consumers, based on their willingness to pay.