Question
The demand function for a certain brand of CD is given by the following equation where p is the wholesale unit price in dollars and x is the quantity demanded each week, measured in units of a thousand.
P=-0.01X^2-0.1X+6
Determine the consumers' surplus if the wholesale market price is set at $4/disc. (Round your answer to two decimal places.)
$ ?
P=-0.01X^2-0.1X+6
Determine the consumers' surplus if the wholesale market price is set at $4/disc. (Round your answer to two decimal places.)
$ ?