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August 28, 2015

Homework Help: math

Posted by shannon on Sunday, December 2, 2012 at 10:24pm.

The demand function for a certain brand of CD is given by the following equation where p is the wholesale unit price in dollars and x is the quantity demanded each week, measured in units of a thousand.

p=-0.01x^2-0.1x+6

Determine the consumers' surplus if the wholesale market price is set at $4/disc. (Round your answer to two decimal places.)

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