Demand for Digital Carmcorder Tapes The demand function for a brand of blank digital camcorder tapes is given

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Demand for Digital Carmcorder Tapes The demand function for a brand of blank digital camcorder tapes is given
by
p = -0.01x? - 0.1x + 16
where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. Determine
the consumers' surplus (in thousands of dollars) if the unit price is $4/tape. (Round your answer to the nearest integer.)
| thousand
Transcribed Image Text:Demand for Digital Carmcorder Tapes The demand function for a brand of blank digital camcorder tapes is given by p = -0.01x? - 0.1x + 16 where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. Determine the consumers' surplus (in thousands of dollars) if the unit price is $4/tape. (Round your answer to the nearest integer.) | thousand
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