Consumers' Surplus

Simongekyo · December 6th, 2016, 06:38 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, 07:49 PM

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

December 6th, 2016, 06:38 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.
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December 6th, 2016, 07:49 PM	#2
JeffM1 Senior Member Joined: May 2016 From: USA Posts: 1,148 Thanks: 479	See my response to your other thread about consumers' and producers' surplus.
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