The Cost C (In Millions of Dollars)removing P% the Industrial $C = \frac { 200 p } { 100 - p } , 0 \leq p < 100$

question 81

Multiple Choice

The cost C (in millions of dollars) removing p% the industrial and municipal pollutants discharged into a river is given by $C = \frac { 200 p } { 100 - p } , 0 \leq p < 100$ ​ Select the correct graph of the cost function.
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• A)​
• B)​
• C)​
• D)​

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Definitions:

Surplus

The situation in which the quantity of a good or service supplied exceeds the quantity demanded at the current price.

Excess Demand

A market condition where the quantity demanded of a product exceeds the quantity supplied at the current price, leading to upward pressure on prices.

Gulf of Mexico

A large oceanic basin located in the southeastern part of North America, bordered by the United States, Mexico, and Cuba.

U.S. Oil Imports

The procurement of crude oil and petroleum products by the United States from other countries.