The Annual Great Sofa Round-Up Is a Collaborative Event Between

question 109

Multiple Choice

The annual Great Sofa Round-up is a collaborative event between Colorado State University and the City of Fort Collins aims to help students and neighbors get rid of unwanted furniture, while giving people in need access to inexpensive sofas. Suppose on the day of the Round-up, your friends take their couches to the main parking lot on campus where the Round-up is held. Raj will not sell his couch for less than $30, Emily will not sell her couch for less than $50, Nara will not sell her couch for less than $20, Sergio just wants to get rid of his couch and he is willing to give it away for free. At the Round-up, potential buyers think that all the couches available are basically the same and they are willing to buy a couch for $50. What is the value of the market producer surplus?

• A) $100
• B) $200
• C) $120
• D) $50

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Definitions:

Data Lake

A central repository that stores all of an organization’s data, regardless of their source or format.

Central Repository

A centralized storage location where data or software is kept and managed for easy access and sharing.

Source

Origin or starting point of something, in computing it often refers to the place where data comes from or the code base of software.

Data Marts

Subsets of data warehouses tailored to meet the specific needs of a particular business line or department, making data more readily accessible.