Nacho has a demand function for burritos that is given by the equation q(p) = 10...
Nacho has a demand function for burritos that is given by the
equation q(p) = 10 .5p. If the price of
burritos is $6, what is the level of Nacho’s total utility and
consumer’s surplus, respectively?
(a) $70 and $49
(b) $91 and $42
(c) $91 and $49
(d) $100 and $42
(e) $100 and $49
Answer: C
Please explain and show the work steps, thanks
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Nacho has a demand function for burritos that is given by the equation q(p) = 10...
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