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December 6th, 2016, 07:38 PM   #1
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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.
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December 6th, 2016, 08:49 PM   #2
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See my response to your other thread about consumers' and producers' surplus.
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