The inverse demand function is given as where x is the amount of commodity demanded. Calculate consumer's surplus amount at x = 3 units. (Hint: Apply integration method)
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UoH 2013 Question 94: Integration and its applications
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The inverse demand function is given as P = 35 - 2x - x² where x is the amount of commodity demanded. Calculate consumer's surplus amount at x = 3 units. (Hint: Apply integration method) (A) 60 (B) 9 (C) 35 (D) 27
Also written as: The inverse demand function is given as P = 35 - 2x - x^2 where x is the amount of commodity demanded. Calculate consumer's surplus amount at x = 3 units. (Hint: Apply integration method)
Integration and its applications has come up 43 times in 6 exams since 2007.
What this question tests
This question is on Applications of integration, part of Integration and its applications in Mathematics.
Using integrals for areas, surplus and recovering totals from marginal quantities.
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