The demand equation for the Sicard sports watch is given by where x (measured in units of a thousand) is the quantity demanded per week and p is the unit price in dollars. Use Simpson's Rule and (take n = 8) to estimate the consumer's surplus if the market price is $25/watch.(Round your answer to two decimal places)
A) $579,597.2
B) $364,597.2
C) $354,597.2
D) $344,597.2

Question

The demand equation for the Sicard sports watch is given by  where x (measured in units of a thousand) is the quantity demanded per week and p is the unit price in dollars. Use Simpson's Rule and (take n = 8) to estimate the consumer's surplus if the market price is $25/watch.(Round your answer to two decimal places)
A) $579,597.2 
B) $364,597.2 
C) $354,597.2 
D) $344,597.2

Quizplus · Accepted Answer

The Answer of The demand equation for the Sicard sports watch is given by  where x (measured in units of a thousand) is the quantity demanded per week and p is the unit price in dollars. Use Simpson's Rule and (take n = 8) to estimate the consumer's surplus if the market price is $25/watch.(Round your answer to two decimal places)
A) $579,597.2 
B) $364,597.2 
C) $354,597.2 
D) $344,597.2

The Demand Equation for the Sicard Sports Watch Is Given