Suppose That the Demand Curve for an Advanced Technology Product

question 16

Multiple Choice

Suppose that the demand curve for an advanced technology product for businesses is given by P =10,000 - 4Q³ and supply is P = 2,000 + 4Q³. The consumer surplus at the equilibrium price is ____.

• A) $6,000
• B) $10
• C) $70,000
• D) $30,000

Identify and describe the utility of document tracking features for collaborative work.

Comprehend the concept of asynchronous communication and provide examples.

Evaluate factors for including new technology in a communication plan.

Recognize time zone systems and their significance in global communication.

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Definitions:

Morality

Principles concerning the distinction between right and wrong or good and bad behavior.

Deontology

An ethical theory that suggests actions are morally right or wrong based on a set of rules, rather than the consequences of the actions.

Ethical Issue

A problem or situation that requires a person or organization to choose between alternatives considered either right (ethical) or wrong (unethical).

Framework For Ethics

A structured set of guidelines or principles designed to help individuals or organizations make ethical decisions.