The Demand Function for a Commodity Is Given By $$p = 2,000 - 0.1 x - 0.01 x ^ { 2 } .$$

question 28

Short Answer

The demand function for a commodity is given by
$$p = 2,000 - 0.1 x - 0.01 x ^ { 2 } .$$
Find the consumer surplus when the sales level is 75 .

---

Definitions:

Repaid

Repaid pertains to the act of paying back money that was borrowed from an individual or institution.

Compound-Interest CSB

An interest calculation method, possibly referring to Canada Savings Bonds, where earned interest is added to the principal, and future interest calculations are based on the new total.

Redeemed

The act of repaying or buying back a security or loan, often before it matures.

Guaranteed Minimum

The lowest amount assured by a contract, regardless of external conditions or outcomes.