Mathematics
09.03.2020 06:42
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Calculate the consumer surplus for the demand function p = 50 − 4q when the market
Calculate the consumer surplus for the demand function
p = 50 − 4q
when the market price is p = 10.
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p = 50 − 4q
when the market price is p = 10.
yogiiiii7131
4,5(41 marks)
P = 50 - 4Q
10 = 50 - 4Q
rearranging we get:
4Q = 50 - 10
4Q = 40
Q = 10
10 = 50 - 4Q
rearranging we get:
4Q = 50 - 10
4Q = 40
Q = 10
Arealbot
4,6(25 marks)
The answer is: 3/10
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