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A Fast-Food Outlet Finds That the Demand Equation for Its

Question 116

Multiple Choice

A fast-food outlet finds that the demand equation for its new side dish, Sweetdough Tidbit , is given by A fast-food outlet finds that the demand equation for its new side dish, Sweetdough Tidbit , is given by   where p is the price (in cents) per serving and q is the number of servings that can be sold per hour at this price. At the same time, the franchise is prepared to sell   servings per hour at a price of p cents. Find the consumers surplus at the equilibrium price level. A) $6.04 B) $6.02 C) $6.10 D) $6.00 E) $6.06 where p is the price (in cents) per serving and q is the number of servings that can be sold per hour at this price. At the same time, the franchise is prepared to sell A fast-food outlet finds that the demand equation for its new side dish, Sweetdough Tidbit , is given by   where p is the price (in cents) per serving and q is the number of servings that can be sold per hour at this price. At the same time, the franchise is prepared to sell   servings per hour at a price of p cents. Find the consumers surplus at the equilibrium price level. A) $6.04 B) $6.02 C) $6.10 D) $6.00 E) $6.06 servings per hour at a price of p cents. Find the consumers surplus at the equilibrium price level.


A) $6.04
B) $6.02
C) $6.10
D) $6.00
E) $6.06

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