Find consumer surplus, Given the non-linear demand schedule

Find consumer surplus

Assignment Help Business Economics

Reference no: EM131482434

Question: Given the non-linear demand schedule p = 600 - 6q0.5 and the corresponding marginal revenue function MR = 600 - 9q0.5, use definite integrals to find:

(a) total revenue when q is 2,500;

(b) the change in total revenue when q increases from 2,025 to 2,500;

(d) the change in consumer surplus when q increases from 2,025 to 2,500 owing to a price fall from £330 to £300.

Reference no: EM131482434

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