In this problem, p and Care in dollars and x is the number of units. A monopoly has a total cost function C-1,000+ 54x + 18x2 for its product, which has demand function p=162-3x - 2x². Find the consumer's surplus (in dollars) at the point where the monopoly has maximum profit. (Round your answer to the nearest cent.) $

In this problem, p and Care in dollars and x is the number of units. A monopoly has a total cost function C-1,000+ 54x + 18x2 for its product, which has demand function p=162-3x - 2x². Find the consumer's surplus (in dollars) at the point where the monopoly has maximum profit. (Round your answer to the nearest cent.) $

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter4: Polynomial And Rational Functions

Section4.1: Quadratic Functions

Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...

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