Solution-Determine the consumers surplus

Determine the consumers surplus

Reference no: EM131311900

The demand function for a certain brand of CD is given by p = -0.01x2- 0.3x + 49 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 $9/disc. (Round your answer to two decimal places.)

Reference no: EM131311900

Questions Cloud

Irrespective of the legality of any payments : Could the alleged payment of bribes to Nigerian government officials by Jeffrey Tesler be considered facilitating payments or speed money under the terms of the Foreign Corrupt Practices Act?

Find the expected number of flips : Coin 1 has P(Heads) = 0.6, and Coin 2 has P(Heads) = 0.5. Coin 1 is flipped until the first time Tailsappears. Then Coin 2 is flipped until the first time Tails appears. This process is continued, flipping andswitching each time Tails appears. a)...

What were executives looking for from the procurement group : What were the executives looking for from the procurement group to provide? What is the corporate structure today and what will it look like in the future?

Discuss the functions of the joint commission : Discuss the functions of the Joint Commission.Define the categories of accreditation.Discuss the National Committee for Quality Assurance (NCQA). How does the NCQA impact health information systems?Discuss ways in which legal health records (LHR) are..

Determine the consumers surplus : The demand function for a certain brand of CD is given by p = -0.01x2- 0.3x + 49 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 mark..

How social contract theory apply to purchasing requirements : What is stakeholder theory? How does it drive requirements to spend money on cybersecurity products & services? How does social contract theory apply to purchasing requirements for cybersecurity products & services?

Discuss the components of hipaas privacy rule : Discuss the five major components of HIPAA's privacy rule.Discuss three HIPAA-covered entities.Discuss the role of the HITECH Act.Discuss how the HITECH Act and HIPAA work together to ensure patient security. How do they differ?Discuss the consequenc..

Should you believe a statistical study : We are bombarded by statistical information from a wide variety of sources. Much of the statistical research performed in the world is conducted with a great deal of integrity, validity, and reliability. However, there are many statistical studies..

Explain cyber-attacks could affect our business : Explain Cyber-attacks could affect our business. We could be liable if third party equipment recommended and installed by us, i.e. smart home controllers, fails to provide adequate security for our residential clients.

User Account

All Pages

Determine the consumers surplus

Reference no: EM131311900

Reference no: EM131311900

Questions Cloud

Reviews

Write a Review

Mathematics Questions & Answers

Questions on ferris wheel

Logistic map

Finding the probability of cards

Systems of ode

Derive the boolean expression

System of equations

Linear programming problem

Find the natural domain

Introduction to numerical methods

Chart of the topological manifold

Mathematics in computing

Complex problems

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT