Jason Purchased a New Printer for $150 Although He Was

question 256

Multiple Choice

Jason purchased a new printer for $150 although he was willing to pay $175.The minimum price acceptable by the seller,Jasmine,was $145.The results of this transaction are a consumer surplus of:

• A) $325 and a producer surplus of $295.
• B) $25 and a producer surplus of $5.
• C) $175 and a producer surplus of $145.
• D) $150 and a producer surplus of $150.

---

Definitions:

Properties of Logarithms

Rules that simplify the manipulation and solving of logarithmic equations, such as product, quotient, and power rules.

Vertical Asymptote

A line that a graph approaches but never touches or crosses, representing where the function moves towards infinity or negative infinity.

Logarithm

The power to which a base, such as 10 or e, must be raised to produce a given number; it's the inverse operation to exponentiation.

Natural Logarithm

The logarithm to the base e, where e is an irrational constant approximately equal to 2.718281.