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26 March, 19:11

Calculate the consumers' surplus at the indicated unit price p for the demand equation. (Round your answer to the nearest cent.) q = 20 - 0.05p^2; p = 4

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  1. 26 March, 19:33
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    If p=4, plug in 4 to the equation.

    1. q = 20 - 0.05 * 4^2

    2. q = 20 - 0.05 * 16

    3. q = 20 - 0.8

    4. q = 19.2
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