1. Calculate the consumers' surplus at the indicated unit price  p for the demand equation. (Round your answer to the nearest cent.) p = 20 − 2q;  p = 1   2. Calculate the consumers' surplus (in dollars) at the indicated unit price  p for the demand equation p = 14 − 2q1⁄3;  p = 8

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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1. Calculate the consumers' surplus at the indicated unit price 

p for the demand equation. (Round your answer to the nearest cent.)
p = 20 − 2q;  p = 1
 
2. Calculate the consumers' surplus (in dollars) at the indicated unit price 
p for the demand equation p = 14 − 2q1⁄3;  p = 8
 
Calculate the consumers' surplus (in dollars) at the indicated unit price p for the demand equation.
p = 14 – 2g1/3. D = 8
Transcribed Image Text:Calculate the consumers' surplus (in dollars) at the indicated unit price p for the demand equation. p = 14 – 2g1/3. D = 8
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 = 20 – 2q; p = 1
%24
Transcribed Image Text: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 = 20 – 2q; p = 1 %24
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