Question

1. Find the consumer surplus for the given demand function and sales level. (Round your answer...

1. Find the consumer surplus for the given demand function and sales level. (Round your answer to the nearest integer.)

p = 18,000e−0.03q,    49

$ 36.015 < ---- wrong answer

.

2. Find the consumer surplus for the given demand function and sales level. (Round your answer to two decimal places.)

p = 60 − 3.7 square root q, 100

$ _______

.

3. A demand curve is given by p = 490/(q + 5).  Find the consumer surplus when the selling price is $10. (Round your answer to two decimal places.)

$ ______

.

4.  Find the producer surplus for the given supply function and sales level.

p = 19 + 0.03q,    600

$ _______

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