The Supply Function for a Certain Make of Transistor Radio

question 213

Multiple Choice

The supply function for a certain make of transistor radio is given by , where x is the quantity supplied and p is the unit price in dollars. What is the rate of change of the unit price if the quantity supplied is 100,000 transistor radios?

---

Definitions:

Contract

A legally binding agreement between two or more parties that defines and governs the rights and duties of those parties.

Put Option

An agreement in finance that permits the owner to sell a predetermined quantity of a basic asset at an agreed price during an established timeframe, without being compelled to do so.

Protective Put

An options strategy where an investor purchases a put option for an existing stock position to limit potential losses.

Listed Put Option

A put option that is traded on an official exchange, giving the holder the right but not the obligation to sell a specific asset at a set price before the option expires.