Table 3.5 -Refer to Table 3.5.The Equations Above Describe the Demand and the Demand

question 281

Multiple Choice

Table 3.5
-Refer to Table 3.5.The equations above describe the demand and supply for Aunt Maud's Premium Hand Lotion.The equilibrium price and quantity for Aunt Maud's lotion are $20 and 30 thousand units. What is the value of producer surplus?

• A)$600 thousand
• B)$300 thousand
• C)$150 thousand
• D)$30 thousand

---

Definitions:

Resistance

The opposition to current flow in an AC or DC circuit.

Derate

To reduce the rated capability of electronic components or electrical devices due to environmental conditions or other factors.

Ambient Temperature

The temperature of the surrounding environment where a device operates or a process occurs.

Raceway

An enclosed conduit that forms a physical pathway for electrical wiring to be protected and routed through a building or structure.