Results 1 to 3 of 3

Math Help - Consumers' surplus

  1. #1
    Junior Member
    Joined
    Sep 2008
    Posts
    41

    Consumers' surplus

    The demand function is:

    p = -0.01x^2 - 0.2x + 15

    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 wholesale unit price is $12 per tape. Rounded to the nearest cent.
    Follow Math Help Forum on Facebook and Google+

  2. #2
    MHF Contributor
    Joined
    Mar 2007
    Posts
    1,240

    Talking

    How is "surplus" related to the given information?

    What have you tried? Where are you stuck?

    Please be complete. Thank you!
    Follow Math Help Forum on Facebook and Google+

  3. #3
    Member
    Joined
    Nov 2008
    From
    Ontario
    Posts
    80
    Quote Originally Posted by B-lap View Post
    The demand function is:

    p = -0.01x^2 - 0.2x + 15

    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 wholesale unit price is $12 per tape. Rounded to the nearest cent.
    Where is the supply function?
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. LP: slack and surplus
    Posted in the Math Topics Forum
    Replies: 0
    Last Post: September 17th 2009, 02:18 PM
  2. Consumers willingness to spend
    Posted in the Calculus Forum
    Replies: 3
    Last Post: June 23rd 2009, 10:41 AM
  3. Help with Area under a curve surplus
    Posted in the Calculus Forum
    Replies: 1
    Last Post: April 26th 2009, 07:43 AM
  4. Slack, Surplus & Artificial Variables
    Posted in the Business Math Forum
    Replies: 1
    Last Post: March 29th 2008, 06:44 PM
  5. consumers' and producers' surplus
    Posted in the Calculus Forum
    Replies: 0
    Last Post: October 17th 2007, 12:40 PM

Search Tags


/mathhelpforum @mathhelpforum