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= -0.01x²0.3x + 31 Determine the consumers' surplus if the market price is set at $3/cartridge. (Round your answer to two decimal places.) $ 270,000.00 x
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= -0.01x²0.3x + 31 Determine the consumers' surplus if the market price is set at $3/cartridge. (Round your answer to two decimal places.) $ 270,000.00 x
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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