Suppose You Are an Analyst for the Coca-Cola Company

question 37

Multiple Choice

Suppose you are an analyst for the Coca-Cola Company.An individuals' inverse demand for Coca-Cola is estimated to be P = 98 - 4Q (in cents) .If Coca-Cola is produced according to the following cost function C(Q) = 1,000 + 2Q (in cents) , compute the surplus consumer receive when Coca-Cola charges the optimal block price.

• A)$0.
• B)$11.52.
• C)$1152.
• D)$576.

---

Definitions:

Heritable

Traits or characteristics that can be passed from one generation to the next through genes.

Basket-Weaving

The craft or activity of creating baskets using materials like wicker, cane, or reed by hand.

Evolutionary Psychologist

A researcher or theorist who studies the psychological adaptations of humans to the changing physical and social environment, particularly from an evolutionary perspective.

Promiscuity

Engaging in sexual behaviors with multiple partners without commitment or in a casual manner.