there is a nice discussion here. It should enable you to come up with the result you want.
http://en.wikipedia.org/wiki/Economic_surplus
A monopoly has a total cost function
C = 1000 + 108x + 12x^2
for its product, which has demand function
p = 324 − 3x − 2x^2.
Find the consumer's surplus at the point where the monopoly has maximum profit. (Round your answer to the nearest cent.)
Thank You!
2 answers
2312