The Demand Function for a Product Is $p = 140 - 4 x$

question 57

Multiple Choice

The demand function for a product is $p = 140 - 4 x$ , where p is the number of dollars and x is the number of units. If the equilibrium price is $\$ 40$ , what is the consumer's surplus?

• A)$ \(1175\)
• B)$ \(1250\)
• C)$ \(1375\)
• D)$ \(1220\)
• E)$ \(1340\)

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Definitions:

Coordinating Mechanism

Strategies or systems used within organizations to align activities, tasks, and functions among different departments or teams.

Span of Control

The number of subordinates that a manager or supervisor can directly control.

Employee Involvement

The practice of including employees in the decision-making process and giving them a say in the operation and management of the company.

Narrow Span of Control

Narrow span of control refers to a management structure where a manager oversees a small number of subordinates, allowing for closer supervision.