In Problem 1, Suppose Every Buick Owner's Demand for Gasoline

question 18

Multiple Choice

In Problem 1, suppose every Buick owner's demand for gasoline is 20 - 5p for p less than or equal to 4 and 0 for p > 4. Every Dodge owner's demand is 15 - 3p for p less than or equal to 5 and 0 for p > 5. Suppose that Gas Pump, South Dakota, has 100 Buick owners and 200 Dodge owners. If the price of gasoline is $3.50, what is the total amount of gasoline demanded in Gas Pump?

• A) 2,300 gallons
• B) 575 gallons
• C) 1,725 gallons
• D) 1,150 gallons
• E) None of the above.

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Definitions:

Uncommitted Cash

Funds that are not currently locked into investments or obligations and are available for immediate use.

Involuntary Bankruptcy

A legal process initiated by creditors seeking to have a debtor's assets distributed to satisfy unpaid debts.

Uncommitted Cash

Funds that are not allocated for a specific purpose and can be readily available for investment or other uses.

Group Communication

The process of exchanging information and ideas between individuals within a group, often characterized by a structured flow of information, with the purpose of achieving common goals.