The demand function for a product is given by p = −0.05x2− 0.3x + 8 where p is the unit price in dollars and x is the weekly dem
and for the product each week, measured in thousands of units. Find the consumer’s surplus if the market price for the product is $5.
1 answer:
Answer:
The answer is 5300 units.
Step-by-step explanation:
The equation will be exactly lie below if the price is 5$:
Roots of the parabol will be:
In fact that there will be no negative production, The consumer surplus will be 5300 units
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