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Title: the demand function for a brand of blank digital camcorder tapes is given by
Description: exam questions with complete answer and explanation
Description: exam questions with complete answer and explanation
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Answer
CS = $270,000
Explanation
let p = $8
CS = consumers surplus
Required ;
CS =?
Solution :
p= -0
...
2x+23
8 = -0
...
2x+23
-0
...
2x+15 = 0
; Find the roots of x :
x = 0
...
22)-(4*0
...
01
=(0
...
8) /-0
...
2+ 0
...
02
= -50
x2 = (0
...
8)/-0
...
01x2-0
...
01dx) - 0
...
01/3 (303-03) - 0
Title: the demand function for a brand of blank digital camcorder tapes is given by
Description: exam questions with complete answer and explanation
Description: exam questions with complete answer and explanation