A manufacturer has determined that when q thousand units of a particular commodity are produced, the price
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A manufacturer has determined that when q thousand units of a particular commodity are produced, the price at which all the units can be sold is p = D(q) dollars per unit, where D is the demand function
a. At what price are 5,000 (q0 = 5) units demanded?
b. Find the consumers’ surplus when 5,000 units are demanded.
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Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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