Suppose Every Buick Owner's Demand for Gasoline Is 20 -

question 3

Multiple Choice

suppose every Buick owner's demand for gasoline is 20 - 5p for p less than or equal to 4 and 0 for p > 4.Every Dodge owner's demand is 15 - 3p for p less than or equal to 5 and 0 for p > 5.Suppose that Gas Pump, South Dakota, has 100 Buick owners and 200 Dodge owners.If the price of gasoline is $3.50, what is the total amount of gasoline demanded in Gas Pump?

• A)2,300 gallons
• B)575 gallons
• C)1,725 gallons
• D)1,150 gallons
• E)None of the above.

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Definitions:

Close Corporations

Businesses characterized by a small number of shareholders, no public shares, and often more relaxed corporate governance standards.

Flexibility

The quality of being adaptable or variable in order to accommodate different circumstances or needs.

Rules of Operation

refer to established procedures or guidelines that govern the functioning or conduct of an organization, system, or process.

Close Corporation

A business with a limited number of shareholders and no public shares, often operated more informally than public corporations but with legal protections.