Suppose you are an analyst for the Coca-Cola Company.An individuals' inverse demand for Coca-Cola is estimated to be P = 98 - 4Q (in cents) .If Coca-Cola is produced according to the following cost function C(Q) = 1,000 + 2Q (in cents) , compute the surplus consumer receive when Coca-Cola charges the optimal block price.
A) $0.
B) $11.52.
C) $1152.
D) $576.
Correct Answer:
Verified
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