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The market for French champagne in a small village consists of two consumers: Antoine and Bruce. Antoine's monthly demand curve is: A = 20 - 0.1p, for p ≤ 200 and ¹ = 0 for p > 200 = Bruce's monthly demand curve is: B for p ≤ 50 and x³ = 0 for p > 50 What is monthly aggregate consumer surplus if the consumers can buy French champagne at the price of p = 20? O $1710 O $480 O $2190 10 - 0.2p, O $1095

The market for French champagne in a small village consists of two consumers: Antoine and Bruce. Antoine's monthly demand curve is: A = 20 - 0.1p, for p ≤ 200 and ¹ = 0 for p > 200 = Bruce's monthly demand curve is: B for p ≤ 50 and x³ = 0 for p > 50 What is monthly aggregate consumer surplus if the consumers can buy French champagne at the price of p = 20? O $1710 O $480 O $2190 10 - 0.2p, O $1095

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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The market for French champagne in a small village consists of two consumers: Antoine and Bruce. Antoine's monthly demand curve is: A = 20 - 0.1p, for p ≤ 200 and ¹ = 0 for p > 200 = Bruce's monthly demand curve is: B for p ≤ 50 and x³ = 0 for p > 50 What is monthly aggregate consumer surplus if the consumers can buy French champagne at the price of p = 20? O $1710 O $480 O $2190 10 - 0.2p, O $1095
Transcribed Image Text:The market for French champagne in a small village consists of two consumers: Antoine and Bruce. Antoine's monthly demand curve is: A = 20 - 0.1p, for p ≤ 200 and ¹ = 0 for p > 200 = Bruce's monthly demand curve is: B for p ≤ 50 and x³ = 0 for p > 50 What is monthly aggregate consumer surplus if the consumers can buy French champagne at the price of p = 20? O $1710 O $480 O $2190 10 - 0.2p, O $1095
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