Sir Plus Has a Demand Function for Mead That Is

question 4

Multiple Choice

Sir Plus has a demand function for mead that is given by the equation D(p) = 100 - p.If the price of mead is $85, how much is Sir Plus's net consumer's surplus?

• A)112.50
• B)15
• C)225
• D)56.25
• E)7,650

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Definitions:

Receptor Proteins

Proteins located on cell membranes or within cells that bind to specific molecules like hormones, neurotransmitters, or growth factors, initiating a response within the cell.

Carrier Proteins

Proteins that facilitate the transport of substances across a cell membrane by changing shape or binding to the substance.

Marker Molecules

Substances used to identify or track cells, biological processes, or molecules in research and diagnostic applications.

Receptor Proteins

Proteins located on the surface of cells or within cells that bind to specific molecules, triggering a response within the cell.