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A Study Shows That Consumers in One City Will Buy p=308q+sin(πq3)p = 30 - 8 q + \sin \left( \frac { \pi q } { 3 } \right)

Question 47

Multiple Choice

A study shows that consumers in one city will buy q hundred bottles of a new perfume when the price is p=308q+sin(πq3) p = 30 - 8 q + \sin \left( \frac { \pi q } { 3 } \right) dollars per bottle.Find the consumer's surplus for this product when 22,000 bottles are demanded and produced.Round to the nearest dollar.


A) $2,311
B) $1,932
C) $1,837
D) $847

Correct Answer:

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