If the Supply Function for a Commodity Is Where

question 290

Multiple Choice

If the supply function for a commodity is where p is in millions of dollars and x is the number of thousands of units. What is the producer's surplus at ? Round your answer to the nearest million dollars. ​

• A) 1,890,953 million dollars
• B) 2,875,020 million dollars
• C) 1,790,850 million dollars
• D) 2,079,000 million dollars
• E) 1,890,000 million dollars

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Definitions:

Placed on Account

A term referring to a transaction being recorded on a company's books under an account receivable or payable, typically indicating a credit sale or purchase.

Accounting Equation

A foundational principle in accounting stating that assets equal liabilities plus equity, serving as the basis for the double-entry bookkeeping system.

Vendor Payment

The process of paying money owed to a supplier for products or services purchased on credit.

Services Performed

Refers to the completed tasks or provided services by a company or individual for which payment is due.