Question

D(x) is the​ price, in dollars per​ unit, that consumers are willing to pay for x...

D(x) is the​ price, in dollars per​ unit, that consumers are willing to pay for x units of an​ item, and​ S(x) is the​ price, in dollars per​ unit, that producers are willing to accept for x units. Find

​(a​)

the equilibrium​ point,

​(b​)

the consumer surplus at the equilibrium​ point, and

​(c​)

the producer surplus at the equilibrium point.

​D(x)equals=left parenthesis x minus 9 right parenthesis squared(x−9)2​,

​S(x)equals=x squared plus 6 x plus 33

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
​D(x) is the​ price, in dollars per​ unit, that consumers are willing to pay for x...
​D(x) is the​ price, in dollars per​ unit, that consumers are willing to pay for x units of an​ item, and​ S(x) is the​ price, in dollars per​ unit, that producers are willing to accept for x units. Find ​(a​) the equilibrium​ point, ​(b​) the consumer surplus at the equilibrium​ point, and ​(c​) the producer surplus at the equilibrium point. ​D(x)=2500-10x​, ​S(x)=400+25x
​D(x) is the​ price, in dollars per​ unit, that consumers are willing to pay for x...
​D(x) is the​ price, in dollars per​ unit, that consumers are willing to pay for x units of an​ item, and​ S(x) is the​ price, in dollars per​ unit, that producers are willing to accept for x units. Find ​(a​) the equilibrium​ point, ​(b​) the consumer surplus at the equilibrium​ point, and ​(c​) the producer surplus at the equilibrium point. D(X)=(x-7)^2 S(x)=x^2+4x+31
D(x) is the​ price, in dollars per​ unit, that consumers are willing to pay for x...
D(x) is the​ price, in dollars per​ unit, that consumers are willing to pay for x units of an​ item, and​ S(x) is the​ price, in dollars per​ unit, that producers are willing to accept for x units. Find ​(a​) the equilibrium​ point, ​(b​) the consumer surplus at the equilibrium​ point, and ​(c​) the producer surplus at the equilibrium point. ​D(x)=2000 - 10 x​, ​S(x)=1400 +5 x
​D(x) is the​ price, in dollars per​ unit, that consumers are willing to pay for x...
​D(x) is the​ price, in dollars per​ unit, that consumers are willing to pay for x units of an​ item, and​ S(x) is the​ price, in dollars per​ unit, that producers are willing to accept for x units. Find ​(a​) the equilibrium​ point, ​(b​) the consumer surplus at the equilibrium​ point, and ​(c​) the producer surplus at the equilibrium point. d(x)=(x-9)^2, s(x)=x^2+6x+57 please help me im at the end of my rope
D(x) is the​ price, in dollars per​ unit, that consumers are willing to pay for x...
D(x) is the​ price, in dollars per​ unit, that consumers are willing to pay for x units of an​ item, and​ S(x) is the​ price, in dollars per​ unit, that producers are willing to accept for x units. Find ​(a​) the equilibrium​ point, ​(b​) the consumer surplus at the equilibrium​ point, and ​(c​) the producer surplus at the equilibrium point. D(x)=7-x, for 0≤x≤7​ ​S(x)=StartRoot (x+13) EndRoot
22. Consumers' and Producers' Surplus. The quantity demanded x (in units of a hundred) of the...
22. Consumers' and Producers' Surplus. The quantity demanded x (in units of a hundred) of the Sportsman 5 ✕ 7 tents, per week, is related to the unit price p (in dollars) by the relation p = −0.1x2 − x + 50. The quantity x (in units of a hundred) that the supplier is willing to make available in the market is related to the unit price by the relation p = 0.1x2 + 4x + 20. If the market...
1) Which of the following is the best example of a supply-side market failure? a) No...
1) Which of the following is the best example of a supply-side market failure? a) No one provides street lights ina town because once the lights are in operation, people don't have to pay to use them. b) A firm keeps its production costs down by dumping its waste in the nearby river, adversely affecting water quality for residents in the area. c) Government imposes taxes on the production of a socially desirable good. d)Street performers don't get full payment...
The​ cost, in​ dollars, of producing x belts is given by Upper C left parenthesis x...
The​ cost, in​ dollars, of producing x belts is given by Upper C left parenthesis x right parenthesis equals 805 plus 18 x minus 0.075 x squared. The​ revenue, in​ dollars, of producing and selling x belts is given by Upper R left parenthesis x right parenthesis equals 31 x Superscript six sevenths . Find the rate at which average profit is changing when 676 belts have been produced and sold. When 676 belts have been​ produced, the average profit...
In this problem, p, price, is in dollars and x is the number of units. The...
In this problem, p, price, is in dollars and x is the number of units. The demand function for a product is p = 206 − x2. If the equilibrium price is $10 per unit, what is the consumer's surplus? (Round your answer to two decimal places.) In this problem, p is in dollars and x is the number of units. The demand function for a certain product is p = 81 − x2 and the supply function is p...
Market supply and demand for ovens are given by p equals Upper S left parenthesis q...
Market supply and demand for ovens are given by p equals Upper S left parenthesis q right parenthesis equals 1750 plus 5 q and p equals Upper D left parenthesis q right parenthesis equals 2500 minus 10 q. The equilibrium price is ​$2000 per oven. ​ (a​) Find the market surplus up to equilibrium using the integral definition. ​(b​) Verify the market surplus by calculating MSequalsCSplusPS.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT