If the Demand Function for a Product Is and the Supply

question 80

Multiple Choice

If the demand function for a product is and the supply function is where p is in millions of dollars and x is the number of thousands of units. Find the consumer's surplus. Round your answer to the nearest million dollars. ​​

• A) ​270 million dollars
• B) ​267 million dollars
• C) ​257 million dollars
• D) ​181 million dollars
• E) ​219 million dollars

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Definitions:

Endodermal Cells

Cells that make up the endoderm, the innermost layer of cells or tissue of an embryo in early development, which gives rise to the lining of the digestive and respiratory systems.

Eudicot Root

Eudicot Root refers to the root structure of eudicots, which are a major group of flowering plants characterized by having two seed leaves, or cotyledons, and a branching root system.

Vascular Cylinder

The central core of a plant's root, containing the vascular tissue (xylem and phloem) which transports water, nutrients, and sugars.

Pericycle

Layer of cells surrounding the vascular tissue of roots; produces branch roots.