The demand function for a manufacturer's microwave oven is p(x) = 900e−0.03x, where x is measured in thousands. Calculate the consumer surplus (in dollars) when the sales level for the ovens is 43,000. (Round your answer to the nearest cent.) Submit Answer

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter24: Percent Practical Applications
Section: Chapter Questions
Problem 40A: A manufacturing company receives $122,000 upon the completion of a job. Total expenses for the job...
Question
The demand function for a manufacturer's microwave oven is p(x) = 900e−0.03x, where x is measured in thousands. Calculate the
consumer surplus (in dollars) when the sales level for the ovens is 43,000. (Round your answer to the nearest cent.)
Submit Answer
Transcribed Image Text:The demand function for a manufacturer's microwave oven is p(x) = 900e−0.03x, where x is measured in thousands. Calculate the consumer surplus (in dollars) when the sales level for the ovens is 43,000. (Round your answer to the nearest cent.) Submit Answer
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