Albin has quasilinear preferences and he loves pretzels. His inverse demand function for pretzels is p(x)= 49-6x, where x is the number of pretzels that he consumes. He is currently consuming 8 pretzels at a price of $1 per pretzel. If the price of pretzels rises to $7 per pretzel, the change in Albin’s consumer surplus is?The correct answer is $45.If you could show me how to work out the problem I would appreciate it.
https://writingexpert.net/wp-content/uploads/2020/07/W.E-logo.png 0 0 Paul https://writingexpert.net/wp-content/uploads/2020/07/W.E-logo.png Paul2021-07-22 15:41:142021-07-22 15:41:14Albin has quasilinear preferences and he loves pretzels. His inverse demand function for pretzels is