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The Demand Equation for the Sicard Sports Watch Is Given

Question 4

Multiple Choice

The demand equation for the Sicard sports watch is given by The demand equation for the Sicard sports watch is given by   where x (measured in units of a thousand)  is the quantity demanded per week and p is the unit price in dollars. Use Simpson's Rule and (take n = 8)  to estimate the consumer's surplus if the market price is $25/watch.(Round your answer to two decimal places)  A)  $579,597.2 B)  $364,597.2 C)  $354,597.2 D)  $344,597.2 where x (measured in units of a thousand) is the quantity demanded per week and p is the unit price in dollars. Use Simpson's Rule and (take n = 8) to estimate the consumer's surplus if the market price is $25/watch.(Round your answer to two decimal places)


A) $579,597.2
B) $364,597.2
C) $354,597.2
D) $344,597.2

Correct Answer:

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