Question

1.) Calculate the consumers' surplus at the indicated unit price p for the demand equation. HINT...

1.) Calculate the consumers' surplus at the indicated unit price p for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.)

p = 12 − 2q1/3; p = 8

2.) calculate the consumers' surplus at the indicated unit price p for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.)

p = 700e−2q;  p = 80

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