Find the Producer's Surplus for a Product with Demand Function

question 224

Multiple Choice

Find the producer's surplus for a product with demand function and supply function where p is in millions of dollars and x is the number of thousands of units. Round your answer to one decimal place. ​

• A) 37.5 million dollars
• B) 26.5 million dollars
• C) 21.0 million dollars
• D) 22.5 million dollars
• E) 23.5 million dollars

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Definitions:

Thyroid Gland

Endocrine gland located inferior to the larynx and consisting of two lobes connected by the isthmus; secretes the thyroid hormones triiodothyronine (T3) and tetraiodothyronine (T4).

Adrenal Medulla

A portion of the adrenal gland responsible for producing adrenaline and noradrenaline, which are vital for the body's fight or flight response.

Adenohypophysis

Portion of the hypophysis derived from the oral ectoderm; also called anterior pituitary.

Parathyroid Glands

The parathyroid glands are small endocrine glands in the neck that produce parathyroid hormone, which regulates calcium levels in the blood.