Consumer Surplus 10 POINTS!? - wholesale camcorders
The function of the application of a particular brand of digital camcorder tapes blank is given by
P = 0.01x ^ 2-0.3X 24
where p is the price per unit wholesale dollars and x is the amount needed per week, measured in units of thousands. Find the consumer surplus if the price per unit of fat 14 per cartridge.
Tuesday, December 22, 2009
Wholesale Camcorders Consumer Surplus 10 POINTS!?
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14 =- 0.01x ² - 0.3X + 24
0.3X + 0.01x ² - 10 = 0
With the solution formula
x = -50 valid
x = 20
Consumer demand is 20,000.
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