A Certain Commodity Has Demand Curve P = $\frac { 20 } { x + 5 }$

question 91

Multiple Choice

A certain commodity has demand curve p = $\frac { 20 } { x + 5 }$ - 1 at sales level x. What is the consumers' surplus if 5 units are currently being sold?

• A) 20(ln 10) - 10
• B) 20(ln 15 - ln 5) - 10
• C) 20(ln 15 + ln 5) - 10
• D) \(\frac { 1 } { 20 }\) (ln 3) - 20
• E) none of these

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An asset account that represents insurance payments made in advance of the period in which the insurance coverage applies.

Cash Amount

The total value of cash on hand, including currency, coins, and balances in demand deposit accounts.

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Money owed to a business by its clients for goods or services that have been delivered or sold but not yet paid for.