Find the Consumer and Producer Surpluses by Using the Demand $~~~~~~~~~~~~~~~~$

question 31

Multiple Choice

Find the consumer and producer surpluses by using the demand and supply functions, where p is the price (in dollars) and x is the number of units (in millions) . Demand Function $~~~~~~~~~~~~~~~~$ Supply Function
$P = 975 - 23 x ~~~~~~~~~~~\quad 42 x$

• A)a. $2587.50b. $3725.00
• B)a. $5587.50b. $4725.00
• C)a. $2587.50b. $1725.00
• D)a. $1587.50b. $4725.00
• E)a. $3587.50b. $4725.00

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Definitions:

Toroid

A doughnut-shaped ring, often made of magnetic materials, used in the construction of inductors and transformers due to its efficiency in containing magnetic fields.

Tape Wound

Refers to a type of core used in transformers and inductors, made by winding a tape of magnetic material around a core, to enhance magnetic properties.

Secondary Winding

The winding of a transformer to which a load is connected.

Output Winding

The coil or winding in an electrical machine from which the output is derived.