Suppose That King Kanuta, Whom You Met in Your Workbook

question 32

Multiple Choice

Suppose that King Kanuta, whom you met in your workbook, demands that each of his subjects give him 1 coconut for every coconut that they consume. The king puts all of the coconuts that he collects in a large pile and burns them. The supply of coconuts is given by S(p_s) = 100p_s, where p_s is the price received by suppliers. The demand for coconuts by the king's subjects is given by D(p_d) = 1,500 - 100p_d, where p_d is the price paid by consumers. In equilibrium, the price received by suppliers will be

• A) $6.
• B) $9.
• C) $7.50.
• D) $15.
• E) None of the above.

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Definitions:

Spatial Summation

A mechanism in neural communication where multiple presynaptic neurons together stimulate a postsynaptic neuron to threshold, causing it to fire an action potential.

Synaptic Terminal

The end part of an axon that makes a synaptic contact with another neuron or with a muscle or gland cell.

Voltage-Gated Potassium Channels

Proteins that form channels in cell membranes, allowing potassium ions to pass in response to changes in membrane potential, crucial for electrical signaling in neurons.

Methimazole

A medication used to treat hyperthyroidism by inhibiting the production of thyroid hormones.