Suppose q hundred units ofodity are demandeda Certain Commoby Consumers when the priceis P= 25-92 dellars per unitawhat is the Consumer's Surplusfor the Commodity when thelevel production is q = 49.3D4

P=25-q2q0=4Now,P=25-(4)2 P=25-16P=9

Suppose q hundred units of a Certain Commodity are demanded by Consumers when the price 2 dellars per unita is P= 25-92 what is the consumer's Surplus for the commodity when the Tevel production is q = 4

Suppose q hundred units of a Certain Commodity are demanded by Consumers when the price 2 dellars per unita is P= 25-92 what is the consumer's Surplus for the commodity when the Tevel production is q = 4

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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