Find the consumer surplus for the given demand function and sales level. (Round your answer to two decimal places.) p = 730 - 0.3q - 0.00049², 700 $
Find the consumer surplus for the given demand function and sales level. (Round your answer to two decimal places.) p = 730 - 0.3q - 0.00049², 700 $
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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![**Consumer Surplus Calculation**
Find the consumer surplus for the given demand function and sales level. (Round your answer to two decimal places.)
Given demand function:
\[ p = 730 - 0.3q - 0.0004q^2 \]
Sales level:
\[ q = 700 \]
Consumer Surplus:
\[ \$ \text{{(Answer Box)}} \]
(Note: Please enter the calculated consumer surplus value in the answer box provided.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fccd97de8-e10b-493c-b965-7d9287dd2ac4%2F62053999-dede-40e2-a3c9-9d5a8b6dbb44%2Frgnzei_processed.png&w=3840&q=75)
Transcribed Image Text:**Consumer Surplus Calculation**
Find the consumer surplus for the given demand function and sales level. (Round your answer to two decimal places.)
Given demand function:
\[ p = 730 - 0.3q - 0.0004q^2 \]
Sales level:
\[ q = 700 \]
Consumer Surplus:
\[ \$ \text{{(Answer Box)}} \]
(Note: Please enter the calculated consumer surplus value in the answer box provided.)
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