Question
The demand function for a certain brand of CD is given by p = 0.01 x 2 0.3 x + 8 where p is the
The demand function for a certain brand of CD is given by
p = 0.01x2 0.3x + 8
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 market price is set at $4/disc. (Round your answer to two decimal places.)
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Financial Algebra advanced algebra with financial applications
Authors: Robert K. Gerver
1st edition
978-1285444857, 128544485X, 978-0357229101, 035722910X, 978-0538449670
