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Suppose the demand function for a product is given by the function: D(q) = 0.017q+81.6 Use integration (or other appropr
Posted: Sun Jun 05, 2022 8:07 pm
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- Suppose The Demand Function For A Product Is Given By The Function D Q 0 017q 81 6 Use Integration Or Other Appropr 1 (43.23 KiB) Viewed 43 times
Suppose the demand function for a product is given by the function: D(q) = 0.017q+81.6 Use integration (or other appropriate methods) to find the following: (Do no rounding of results until the very end of your calculations. At that point, round to the nearest tenth, if necessary. It may help you to sketch the demand curve, which crosses the horizontal at q = 4,800.) A) The total actual revenue for q = 3, 750 units: Answer 1: B) The total possible revenue (for all quantities and prices): Answer 2: C) The Consumer's surplus corresponding to q = 3, 750 units: Answer 3: D) The "Not Sold" value corresponding to q= 3, 750 units: Answer 4: