Digital Tape Measure
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| New Digital 10000FT Measuring Wheel Tape 6 LCD Digit Contractor Walking Tape HD | |
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Digital Tape Measure
Consumer Surplus 10 POINTS!?
The demand function for a certain brand of blank digital camcorder tapes is given by
p= –0.01x^2–0.3x+24
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 14 dollars per tape.
14 = -0.01x² - 0.3x + 24
0.01x² + 0.3x - 10 = 0
Using the quadratic formula,
x= -50 invalid
x= 20
Consumer demand is 20,000.
Digital tape