Consumers' Surplus The demand function for a certain brand of CD is given by D=-0.01x²0.3x + 17 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 (in dollars) if the market price is set at $7/disc. (Round your answer to two decimal places.) $ 113.33 x The units in the original equation are in thousands
Consumers' Surplus The demand function for a certain brand of CD is given by D=-0.01x²0.3x + 17 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 (in dollars) if the market price is set at $7/disc. (Round your answer to two decimal places.) $ 113.33 x The units in the original equation are in thousands
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Functions
Section9.CT: Test
Problem 16CT
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