00:01
We're asked to interpret the results of problem 75.
00:04
So for problem 75, we were asked to find the consumer surplus.
00:11
So let's want to drop this here.
00:18
Okay, so for problem 75, we were given this as the demand curve.
00:25
So this is the blue curve right over here.
00:29
And then we were told that the price is 2 .0.
00:35
It is 2 .089, i think.
00:39
Let's see, 2 .08.
00:42
So let's just put that down.
00:46
P bar was 2 .089.
00:53
So basically we're asking what the consumer surplus is if this is the price.
00:58
And this is the demand curve.
01:01
So recall that the consumer surplus is the area under this demand curve until the price.
01:12
So let's see, 2 .89 should be somewhere here...