-Using the Data in the Table Above,at the Price of $80

question 165

Multiple Choice

-Using the data in the table above,at the price of $80 a phone,

• A) a shortage of 25,000 cellular telephones occurs.
• B) a surplus of 80,000 cellular telephones occurs.
• C) a surplus of 25,000 cellular telephones occurs.
• D) a shortage of 55,000 cellular telephones occurs.
• E) the market is in equilibrium.

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Definitions:

Monthly Profit

The financial gain or loss realized from business operations and transactions over the course of a month.

Nonbinding Constraint

A constraint in an optimization problem that does not impact the feasible region of the solution because the optimal solution lies elsewhere.

Cell Value

In the context of spreadsheets or data tables, it refers to the content or numerical figure contained within a single cell.

Constraint

A limitation or restriction on the variables in a mathematical model or optimization problem.