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The demand function for a certain make of replacement cartridges for a water purifier is given by the following equation where...Asked by Britney
The demand function for a certain make of replacement cartridges for a water purifier is given by the following equation where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand.
p=-0.01x^2-0.3x+20
Determine the consumers' surplus if the market price is set at $2/cartridge. (Round your answer to two decimal places.)
p=-0.01x^2-0.3x+20
Determine the consumers' surplus if the market price is set at $2/cartridge. (Round your answer to two decimal places.)
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