The market demand curve for a popular teen magazine is given by Q=90-15P where P is...

 

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The market demand curve for a popular teen magazine is given by Q=90-15P where P is the magazine price in dollars per issue and Q is the weekly magazine circulation in units of 30,000. If the circulation is 600,000 per week at the current price, what is the consumer surplus for a teen reader with a maximum willingness to pay of $5 per issue? 2) The market demand curve for a popular teen magazine is given by Q = 70- 20P where P is the magazine price in dollars per issue and Q is the weekly magazine circulation in units of 1500. If the circulation is 450 per week at the current price, what is the consumer surplus for a teen reader with a maximum willingness to pay of $7 per issue? 3) The market demand curve for a popular teen magazine is given by Q = 70- 20P where P is the magazine price in dollars per issue and Q is the weekly magazine circulation in units of 100. If the circulation is 800 per week at the current price, what is the consumer surplus for a teen reader with a maximum willingness to pay of $8 per issue? The market demand curve for a popular teen magazine is given by Q=90-15P where P is the magazine price in dollars per issue and Q is the weekly magazine circulation in units of 30,000. If the circulation is 600,000 per week at the current price, what is the consumer surplus for a teen reader with a maximum willingness to pay of $5 per issue? 2) The market demand curve for a popular teen magazine is given by Q = 70- 20P where P is the magazine price in dollars per issue and Q is the weekly magazine circulation in units of 1500. If the circulation is 450 per week at the current price, what is the consumer surplus for a teen reader with a maximum willingness to pay of $7 per issue? 3) The market demand curve for a popular teen magazine is given by Q = 70- 20P where P is the magazine price in dollars per issue and Q is the weekly magazine circulation in units of 100. If the circulation is 800 per week at the current price, what is the consumer surplus for a teen reader with a maximum willingness to pay of $8 per issue?

Answer rating: 100% (QA)

The market demand curve is Q 90 P30000 If the circulation is 600000 per week then the price can be f... View the full answer