Find the Consumer's Surplus corresponding to q=900 units. (Do no rounding of results until the very end of your calculations. At that point, round to the nearest tenth, if
Find the Consumer's Surplus corresponding to q=900 units. (Do no rounding of results until the very end of your calculations. At that point, round to the nearest tenth, if
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Functions
Section9.CR: Review Problem Set
Problem 13CR
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Question
Suppose the demand function for a product is given by the function:
D(q)=−0.014q+43.4
Find the Consumer's Surplus corresponding to q=900 units.
(Do no rounding of results until the very end of your calculations. At that point, round to the nearest tenth, if necessary. It may help you to sketch the demand curve, which crosses the horizontal at q=3,100.
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