demande 41. PRODUCERS' SURPLUS FOR MULTITASK DESK LAMPS Refer to Section 6.7. The manufacturer of a multitask desk lamp will make x thousand units of the lamps available in the market when the unit price is p = 50 + x√1 + x dollars. Find the producers' surplus if the price is set at $74/unit. Hint: Show that the corresponding quantity demanded is 8000 units.
demande 41. PRODUCERS' SURPLUS FOR MULTITASK DESK LAMPS Refer to Section 6.7. The manufacturer of a multitask desk lamp will make x thousand units of the lamps available in the market when the unit price is p = 50 + x√1 + x dollars. Find the producers' surplus if the price is set at $74/unit. Hint: Show that the corresponding quantity demanded is 8000 units.
Chapter5: Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 1.1P: (Calculating Price Elasticity of Demand) Suppose that 50 units of a good are demanded at a price of...
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