Question 15 (1 point)Suppose you are an analyst for the Coca-Cola Company. An individual's inversedemand for Coca-Cola is estimated to be P = 98 - 4Q (in cents). If Coca-Cola isproduced according to the cost function C(Q) = 1,000 + 20Q (in cents), compute thesurplus consumers receive when Coca-Cola charges the optimal block price.%3D$11.52 (1,152 cents)$0$576 (57,600 cents)$1,152 (115,200 cents)

Answered: Image /qna-images/answer/e2f7d0dc-c0b2-43bb-9520-e6ca48714ff1.jpg

Answered: O $11.52 (1,152 cents)

Business

Economics

O $11.52 (1,152 cents)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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