Ritu posted an Question
May 23, 2020 • 15:30 pm 30 points
  • UGC NET
  • Economics

For demand fuction p = 15 -2x = x what is consumer's surplus at x = 2 ? (paper iii) choices response choice (4 11/3 a. b. 7/4 28/3 c. d. 6

MCQ Question For demand fuction P = 15 -2X = X what is consumer's surplus at X = 2 ? (Paper III) Choices RESPONSE CHOICE (4 11/3 a. b. 7/4 28/3 C. d. 6

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    Nidhi taparia Best Answer

    Firstly, there is a printing mistake in the question. Actually the demand equation is : P = 15 - 2X - X^2 Now we shall proceed as is the ideal procedure for calculating consumer's surplus. The final answer comes out to be 28/3. Please refer to the attached images for the calculation.

    cropped2718400848115487700.jpg
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