zingchristina
15.12.2021 •
History
The demand function for a certain kind of mattress is given by
p = 600e^−0.04x
where p is the unit price in dollars and x (in units of a hundred) is the quantity
demanded each month.
(a) Find the number of mattresses demanded per month if the unit price is
set at $250 per mattress.
(b) Use the results of part (a) to find the consumers’ surplus if the selling
price is set at $250 per mattress.
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