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If the Demand Function for a Certain Commodity Is p(x)=4x30p ( x ) = 4 - \frac { x } { 30 }

Question 99

Multiple Choice

If the demand function for a certain commodity is p(x) =4x30p ( x ) = 4 - \frac { x } { 30 } and the consumer surplus is 15, what should be the production level?


A) 90
B) 45
C) 15
D) 70
E) 30
F) 60
G) 20
H) 80

Correct Answer:

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