Answer the questions in Exercise 51 for the demand function when 12,000 (q 0 = 12) units

Question:

Answer the questions in Exercise 51 for the demand function

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.

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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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Question Posted: Jun 22, 2023 12:26 AM

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Answer the questions in Exercise 51 for the demand function when 12,000 (q 0 = 12) units

Question:

D(q) = In 52 q+1)

Step by Step Answer:

a The price at which 12000 units are de...View the full answer

Calculus For Business, Economics And The Social And Life Sciences

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