Build-Right Concrete Products Produces Specialty Cement Used in Construction of Highways.Build-Right

Multiple Choice

Build-Right Concrete Products produces specialty cement used in construction of highways.Build-Right is a price-setting firm and estimates the demand for its cement by the State Highway Department using a demand function in the nonlinear form: where Q = yards of cement demanded monthly,P = the price of Build-Right's cement per yard,M = state tax revenues per capita,and = the price of asphalt per yard.The manager at Build-Right transforms the nonlinear relation into a linear relation for estimation.The estimation results are presented below: Given the above,if Build-Right decides to charge the State Highway Department $55 per yard for its cement when tax revenues per capita are $3,200 and the price of asphalt is $35 per yard,the expected quantity demanded is

A) 1,000 yards of cement.
B) 2,000 yards of cement.
C) 4,000 yards of cement.
D) 6,000 yards of cement.
E) 8,000 yards of cement.