Find the consumers surplus at the point monopoly maximum

Reference no: EM131798772

In Problem p and C are in dollars and x is the number of units.

A monopoly has a total cost function C = 500 + 2x² + 10x for its product, which has demand function p = -1/3x² - 2x + 30. Find the consumer's surplus at the point where the monopoly has maximum profit.

Reference no: EM131798772

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