Answered

Welcome to Westonci.ca, where you can find answers to all your questions from a community of experienced professionals. Discover the answers you need from a community of experts ready to help you with their knowledge and experience in various fields. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

Calculate the consumer surplus for the demand function
P = 50 − 4Q
when the market price is P = 10.

Sagot :

Trim
P = 50 - 4Q
10 = 50 - 4Q
rearranging we get:
4Q = 50 - 10
4Q = 40
Q = 10
iGreen
P = 50 - 4Q

P = 10

Plug in 10 for 'P':

10 = 50 - 4Q

Subtract 50 to both sides:

-40 = -4Q

Divide -4 to both sides:

Q = 10
Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your time. Please come back anytime for the latest information and answers to your questions. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.