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Simongekyo December 6th, 2016 06:38 PM

Consumers' Surplus
 
Demand for digital camcorder tapes

The demand function for a certain brand of blank digital camcorder tapes is given by

p= −0.01x^2−0.3x+22

where p is the wholesale unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. Determine the consumers' surplus if the wholesale unit price is 4 dollars per tape.

JeffM1 December 6th, 2016 07:49 PM

See my response to your other thread about consumers' and producers' surplus.


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