Consumers' Surplus

Simongekyo · December 6th, 2016, 07:38 PM

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, 08:49 PM

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

December 6th, 2016, 07:38 PM	#1
Simongekyo Newbie Joined: Nov 2016 From: Montréal Posts: 9 Thanks: 0	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.
$Simongekyo is offline$

December 6th, 2016, 08:49 PM	#2
JeffM1 Senior Member Joined: May 2016 From: USA Posts: 632 Thanks: 257	See my response to your other thread about consumers' and producers' surplus.
$JeffM1 is online now$

Thread Tools
$Show Printable Version$ Show Printable Version $Email this Page$ Email this Page
Display Modes
$Linear Mode$ Linear Mode $Hybrid Mode$ Switch to Hybrid Mode $Threaded Mode$ Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
consumer surplus	peter20	Economics	0	October 19th, 2015 09:11 AM
Consumer's surplus	helloprajna	Economics	0	January 16th, 2014 10:49 PM
consumer/ supply surplus!	hamburgertime	Calculus	0	December 13th, 2013 04:17 PM
Producer/Consumer Surplus	Lucida	Calculus	2	May 30th, 2013 09:10 PM
Consumer and Producer Surplus	BrianMX34	Calculus	2	December 11th, 2012 05:34 PM