Question

The demand for a particular item is given by the demand function

1. D(x)=200−x^2

Find the consumer's surplus if the equilibrium point (Xe,Pe)=(5,175) Round to the nearest cent.

$____

2. The demand for a particular item is given by the function D(x)=1,350−3x^2. Find the consumer's surplus if the equilibrium price of a unit $150

The consumer's surplus is $___

3. The demand for a particular item is given by the function D(x)=120/x+6. Find the consumer's surplus if the equilibrium price of a unit $5

The consumer's surplus is $____

4.The supply for a particular item is given by the function S(x)=17+9x . Find the producer's surplus if the equilibrium price of a unit $134

The producer's surplus is $____

( no need to show work, just the answers thank you)

Answer 1