If the Supply Function for a Commodity Is Where

question 259

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 when 12 thousand units are sold? Round your answer to the nearest million dollars. ​

• A) 5,623 million dollars
• B) 3,461 million dollars
• C) 3,468 million dollars
• D) 3,999 million dollars
• E) 3,524 million dollars

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Definitions:

Client/Server Network

A network architecture where clients request resources or services, and servers provide them, enabling centralized resource management.

Client

A computer or software application that accesses services or resources from a server in a networked environment.

DoS Attack

Short for Denial of Service attack, it is a malicious attempt to disrupt the normal functioning of a targeted server, service, or network by overwhelming it with a flood of Internet traffic.

Company Server

A powerful computer or device on a network that manages network resources and stores data central to the operations of a business.