The Management of the Titan Tire Company Has Determined That

question 172

Multiple Choice

The management of the Titan Tire Company has determined that the quantity demanded x of their Super Titan tires/week is related to the unit price p by the relation where p is measured in dollars and x is measured in units of a thousand. Titan will make x units of the tires available in the market if the unit price is dollars. Determine the consumers' surplus and the producers' surplus when the market unit price is set at the equilibrium price. Round your answers to the nearest dollar.

• A) CS = $337,012 , PS = $174,988
• B) CS = $343,476 , PS = $168,524
• C) CS = $341,333 , PS = $170,667
• D) CS = $342,567 , PS = $169,433

---

Definitions:

Cardiovascular Disease

A group of conditions affecting the heart or blood vessels, encompassing coronary artery disease, hypertension, heart failure, and stroke.

Chronic Diseases

Long-lasting conditions that often require ongoing medical attention or limit activities of daily living, such as diabetes, heart disease, and cancer.

Infectious Disease

Illnesses caused by pathogens such as viruses, bacteria, fungi, or parasites that are contagious.

Life Expectancy

Life expectancy refers to the average period that a person is expected to live based on demographic factors such as the year of their birth, their current age, and other social factors.