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The Demand Function for a Commodity Is Given By p=2,0000.1x0.01x2p = 2,000 - 0.1 x - 0.01 x ^ { 2 }

Question 19

Multiple Choice

The demand function for a commodity is given by
p=2,0000.1x0.01x2p = 2,000 - 0.1 x - 0.01 x ^ { 2 } Find the consumer surplus when the sales level is 100 .


A) $9,167\$ 9,167
B) $7,167\$ 7,167
C) $11,167\$ 11,167
D) $8,167\$ 8,167
E) $10,167\$ 10,167

Correct Answer:

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