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MMLU-Pro / 281 / The distributors of oil from theMoloRepublic are willing to buy 60-p barrels per…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

The distributors of oil from theMoloRepublic are willing to buy 60-p barrels per day, when p = dollars per barrel. The Republic's officials are willing to supply (p^2 / 10) barrels per day. i) What is the equilibrium price of oil? ii) How many barrels will be sold at the equilibrium price?

category

business

options

  1. Equilibrium price is 18 dollars, Number of barrels sold is 54 per day
  2. Equilibrium price is 12 dollars, Number of barrels sold is 72 per day
  3. Equilibrium price is 10 dollars, Number of barrels sold is 70 per day
  4. Equilibrium price is 8 dollars, Number of barrels sold is 64 per day
  5. Equilibrium price is 25 dollars, Number of barrels sold is 50 per day
  6. Equilibrium price is 40 dollars, Number of barrels sold is 10 per day
  7. Equilibrium price is 30 dollars, Number of barrels sold is 50 per day
  8. Equilibrium price is 15 dollars, Number of barrels sold is 45 per day
  9. Equilibrium price is 5 dollars, Number of barrels sold is 30 per day
  10. Equilibrium price is 20 dollars, Number of barrels sold is 40 per day

src

stemez-Business

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Source and history

upstream_id / Original problem ID
281
task_id
1c137fb5-34db-5a9f-a51e-bff4be97fd7e
task_key
default--test--281
task_revision_id
1
config / split
default / test

Official source

initial import