The Maxwell School

Syracuse University

Syracuse University

Given:

WTA = 100 + 5*Q

P = 250

Start by finding the quantity he will sell:

WTA = P

100 + 5*Q = 250

5*Q = 150

Q = 30

Drawing the PS diagram:

Calculating the area of the triangle:

PS = (1/2)*30*(250-100)

PS = (1/2)*30*150

PS = 2,250

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URL: https://wilcoxen.maxwell.insightworks.com/pages/3953.html

Peter J Wilcoxen, The Maxwell School, Syracuse University

Revised 09/09/2014

URL: https://wilcoxen.maxwell.insightworks.com/pages/3953.html

Peter J Wilcoxen, The Maxwell School, Syracuse University

Revised 09/09/2014