The Demand Function for Apex Women's Boots Is Where

question 30

Short Answer

The demand function for Apex women's boots is where p is the wholesale unit price in dollars and x is the quantity demanded daily, in units of a hundred.Find the consumers' surplus if the wholesale price is set at $70/pair.Round the result to the nearest dollar.
$__________

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Definitions:

Reciprocating Machine Element

A component of machinery that moves back and forth or up and down, typically converting rotary motion into linear motion or vice-versa.

Rotating

Refers to an object or part that moves in a circle around an axis or point, commonly seen in machinery and mechanical devices.

Oscillating

Moving or swinging back and forth at a regular speed.

Technical Drawing

The act or discipline of creating diagrams that visually communicate how something functions or is constructed.