Question

Consumers' Surplus The demand function for a certain make of replacement cartridges for a water purifier is given by the following equation where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. p - -0.01x? -0,3x + 41 Determine the consumers' surplus if the market price is set at $1/cartridge (Round your answer to two decimal places.) $ 0.16 X Need Help? Read it Talk to a Tutor MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER DETAILS 2. (-/1.66 Points) TANAPCALCBR10 6.7.002.MI. Consumers' Surplus The demand function for a certain brand of CD is given by P = -0.01 -0.1x + 21 where p is the wholesale unit price in dollars and x is the quantity demanded each week, measured in rits of a thousand. Determine the consumers' surplus (in dollars) if the market price is set at $9/disc (Round your answer to two decimal places)

Answer 1

P=-0.01x20.34+41 given P = $1 -0.013-0.3%+41=1 -0.0192_0,38 +40=0 x = 50, -Box Consumer surplus -0.01% 0.3x+41-1) dx = [-0.01- 0.3 +40x750 3625 3 -1208.337 A