Suppose That King Kanuta from Problem 11 Demands That Each

question 12

Multiple Choice

Suppose that King Kanuta from Problem 11 demands that each of his subjects give him 1 coconuts 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) = 4,000 - 100p_d, where p_d is the price paid by consumers. In equilibrium, the price received by suppliers will be

• A) $24.
• B) $20.
• C) $40.
• D) $16.
• E) None of the above.

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Definitions:

Visual Acuity

The clarity or sharpness of vision, measured by the ability to discern letters or numbers at a given distance according to a fixed standard.

Parvocellular Neurons

Neurons located within the parvocellular layer of the thalamus, known for processing visual information pertaining to color and fine details.

Lateral Geniculate Nucleus

The lateral geniculate nucleus is a vital part of the thalamus that processes visual information received from the retina before it is sent to the visual cortex.

Parvocellular Cells

Small-bodied neurons located in the parvocellular layer of the thalamus, involved in processing of fine visual details and color.