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

---

Definitions:

Risk Aversion

A preference to minimize uncertainty and avoid risk in investment decisions.

Systematic Risk

The inherent risk that affects the entire market or a wide range of securities, often caused by factors like economic, political, or global events, and cannot be mitigated just by diversification.

Beta

Beta is a measure of a stock's volatility in relation to the overall market, indicating the stock's risk compared to that of the market.

Market Portfolio

A theoretical bundle of investments that includes every type of asset available in the market, with each asset weighted according to its total market value.