consumers

  1. A

    Consumers' Surplus for Calculus

    The demand function for a certain make of replacement cartridges for a water purifier is given by: p=-0.01x^2-0.1x+6 where p is the 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...
  2. B

    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.
  3. L

    Consumers willingness to spend

    Suppose that the consumers demand function for a certain commodity is D(q)=50-3q-q^2 dollars per unit: A. Find the number of Units that will be bought if the market price is $32 per unit. I got q=3 which was right but I got part B wrong! B.Compute the consumers willingness to spend to get the...
  4. M

    consumers' and producers' surplus

    Determine consumers’ surplus and producers’ surplus under market equilibrium if the demand equation is p = 400 − q2 and the supply equation is p = 20q + 100. I got (10,300) as equilibrium pt. Therefore, I ended up with -6883000 for consumer surplus and -927000 for producers surplus. I'm...