BBMP 1103

Mathematic Management
Exam Preparation Workshop Sept 2011
Part 9 Consumers Surplus and
Critical Point
Presented By: Dr Richard Ng
26 Nov 2011
2ptg 4ptg

9. Focus on Consumers Surplus

There are consumers who are willing to pay more than the
equilibrium price, so they benefit from the lower equilibrium
price. The area of A represents the consumers surplus.

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Question: 20 (January 2011)

Suggested Answers:
p = 200 q2

(q + 10)(q 4) = 0

p = 6q + 160

q = -10 and q = 4

6q + 160 = 200 q2

p = 200 (4)2 = 200 16 = 184

q2 + 6q 40 = 0
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10. Focus on Critical Point

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Question: 21 (May 2010)

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Question: 22 (September 2009)

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Any Question?

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End of
Exam
Workshop

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