Question: Consumers' Surplus The demand function for a certain brand of mattress, is given by p = 4 5 0 e - 0 . 0 5
Consumers' Surplus The demand function for a certain brand of mattress, is given by
where is the unit price in dollars and in units of a hundred is the quantity demanded per month.
a Find the number of mattresses demanded per month if the unit price is set at $ mattress. Round your answer to the nearest integer.
mattresses
b Use the results of part a to find the consumers' surplus if the selling price is set at $ per mattress. Round your answer to the nearest dollar.
$
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