Question: Answer the questions in Exercise 51 for the demand function when 12,000 (q 0 = 12) units are demanded. Data from Exercises 51 A manufacturer
Answer the questions in Exercise 51 for the demand function
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when 12,000 (q0 = 12) units are demanded.
Data from Exercises 51
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.
D(q) = In 52 q+1)
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