-The Demand Function for a Certain Make of Replacement Cartridges

question 33

Multiple Choice

-The demand function for a certain make of replacement cartridges for a water purifier is given by ​ ​
Where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. Determine the consumers' surplus if the market price is set at $1/cartridge. Round your answer to the nearest dollar.
​

• A) $22,006
• B) $21,526
• C) $21,445
• D) $21,667

---

Definitions:

Power Motives

The driving forces that compel individuals or entities to seek control, influence, or authority over others to achieve their goals.

Dancing with Elephants

Engaging or competing with significantly larger entities or competitors, often by being nimble or innovative.

Cooperative Goals

Objectives designed to be achieved by collaboration among individuals or groups, fostering teamwork rather than competition.

Power Orientation

A psychological framework or predisposition towards viewing and interacting with the world through the lens of power dynamics and control.