Math Problem Statement
Consumers' Surplus The demand function for a certain brand of CD is given by p = −0.01x2 − 0.2x + 33 where p is the wholesale unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. Determine the consumers' surplus (in dollars) if the market price is set at $9/disc. (Round your answer to two decimal places.)
Solution
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Math Problem Analysis
Mathematical Concepts
Consumer Surplus
Demand Function
Integral Calculus
Formulas
Quadratic formula
Theorems
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Suitable Grade Level
Advanced High School
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