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Business, 06.11.2019 23:31 robertobi5397

The inverse demand curve facing a firm is . if determine the consumer 푝=푎―푏푄푝=푎2surplus. this will be a general equation. b. this general equation may seem abstract. recall that in general, consumer surplus is the area under the demand curve and above the price. let 푎=100, 푝=푎2 solve for consumer surplus using the basic ½(base*height) =50, 푎푛푑푄=100.formula. then solve using the general equation you generated in 1a. show that they are the same.

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The inverse demand curve facing a firm is . if determine the consumer 푝=푎―푏푄푝=푎2surplus. this will b...
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