Calculus word problem,determine the consumers' surplus if the market price is

Calculus
Tutor: None Selected Time limit: 1 Day

Aug 1st, 2015

Thank you for the opportunity to help you with your question!

Here 8= -0.01x^2 - 0.3x +62

it becomes 0.01x^2 + 0.3x -54=0

using the quadratic formula, we have

x= 60 and x= -90.

So, consumer surplus is 60


Please let me know if you need any clarification. I'm always happy to answer your questions.
Aug 1st, 2015

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Aug 1st, 2015
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