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

question 144

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:

Investing Activities

Investing activities involve the purchase and sale of long-term assets and other investments, not including cash equivalents, reflected in the cash flow statement of a company.

Statement Of Cash Flows

A report that captures the effects of changes in balance sheet accounts and income on the availability of cash and cash equivalents.

Equipment

Tangible property other than land or buildings that is used in operations of a business, such as machinery or office furniture.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or wear and tear.