Given a Linear Demand Function of the Form Q_X^d =

question 23

Multiple Choice

Given a linear demand function of the form Q_X^d = 500 − 2P_X − 3P_Y + 0.01M,find the inverse linear demand function assuming M = 20,000 and P_Y = 10.

• A) P_X = 500 − 2Q_X − 3P_Y + 0.01M
• B) P_X = 335 − 0.5Q_X
• C) P_X = 335 − 2Q_X
• D) P_X = 500 − 2Q_X

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Definitions:

Horizontal Specialization

Division of labor where tasks are divided into specialized jobs or roles at the same level in an organizational hierarchy.

Adhocracy

An organizational structure characterized by flexibility, employee autonomy, and an emphasis on innovation and creativity.

Legal Authority

The power or right given to an individual or organization to perform certain actions based on legal or official rules.

Bureaucracies

Complex organizations structured through fixed hierarchical levels and formal rules, typically found in governments and large corporations.