Quasimodo has the utility function U(x,m)= 100x - x²/2 + m where x is his consumption of earplugs and m is money left over to spend on other stuff. If he has $10,000 to spend on earplugs and other stuff, and if the price of earplugs rises from $50 to 65, what is the change in his consumer's surplus?

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The Answer of Quasimodo has the utility function U(x,m)= 100x - x²/2 + m where x is his consumption of earplugs and m is money left over to spend on other stuff. If he has $10,000 to spend on earplugs and other stuff, and if the price of earplugs rises from $50 to 65, what is the change in his consumer's surplus?

Quasimodo Has the Utility Function U(x,m)= 100x - X2/2

Quasimodo Has the Utility Function U(x,m)= 100x - X²/2