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.

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