The Demand Function for a Commodity Is Given By $p = 2,000 - 0.1 x - 0.01 x ^ { 2 }$

question 19

Multiple Choice

The demand function for a commodity is given by
$p = 2,000 - 0.1 x - 0.01 x ^ { 2 }$ Find the consumer surplus when the sales level is 100 .

• A) \(\$ 9,167\)
• B) \(\$ 7,167\)
• C) \(\$ 11,167\)
• D) \(\$ 8,167\)
• E) \(\$ 10,167\)

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Definitions:

Joint Tenancy

A form of co-ownership where parties own property equally with the right of survivorship, meaning upon the death of one tenant, their share passes to the surviving tenant(s).

Tenancy

Tenancy is a legal term describing the possession and use of land or property rented from another, establishing rights and responsibilities between landlord and tenant.

Survival Clause

A contract provision that stipulates which parts of the agreement remain in effect after the contract has ended.

Wrongfully Abandons

Occurs when a party unlawfully leaves or forsakes their responsibility or property without justification.