Question

Assume the demand function is D(x)= -0.6x^{2}+160 and
the supply function is S(x)= 0.4x^{2} +x+50 find the
consumer surplus

A) 100

200

300

400

500

600

700

None

Answer #1

Below you will find a supply and demand schedule for avocados.
Assume that the market is otherwise competitive and in equilibrium.
Then let the government institute a price floor at $7. You are to
illustrate this outcome; title your graph and draw supply and
demand , denote the efficient price and quantity, and exhibit the
price floor . Be sure to label deadweight loss , consumer surplus,
producer surplus , and any surplus or shortage that results .
Calculate the...

For a quantity x of a certain product the demand function d(x)
and the supply function s(x) are given by the formulas: d(x) = 720
− 0.06x^2, s(x) = 0.012x^2.
Sketch the graphs of these functions on the same graph and find
the market demand, the positive quantity x at which the two curves
meet (supply equals demand).
For this value of x also compute the producer surplus and the
consumer surplus and indicate on your graph which areas these...

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...

1). Find the consumer and producer surpluses by using the demand
and supply functions, where p is the price (in dollars)
and x is the number of units (in millions).
Demand Function
Supply Function
p = 410 − x
p = 160 + x
consumer surplus $_________
millionsproducer surplus $ ________millions
2) Find the consumer and producer surpluses by using the demand
and supply functions, where p is the price (in dollars)
and x is the number of units (in...

given the following supply and demand functions find the
consumer's surplus and producer's surplus.
s(x)= 0.09x2 d(x)=300-0.03x^2

1. Determine the producer's surplus for the
given supply function and demand level x. (Round your answer to two
decimal places.) s(x) = 0.07x2 + 30; x = 100
2. The price-demand function p is
given. Write the demand function x = d(p).
p = 500/x^2 + 60
x= d(p) = _____.

The following table presents the demand and supply for one
commodity good.
Price (p)
Demand (QD)
Supply (Qs)
300
130
35
400
100
41
500
72
52
600
55
70
(1) If the price is $600, then,
___
(A) Supply > Demand.
2) If the price is $300, then, ___
(A) Supply > Demand.
(B) The price is expected to rise.
(C) We will have a market equilibrium
for this product.
(D) There is an excess supply.
(3) The equilibrium...

Consider the following demand and supply functions.
D(x)=204−0.9x,S(x)=0.8x+178.5,0≤x≤90 Step 1 of 3: Find the
equilibrium point. Consider the following demand and supply
functions. D(x)=204−0.9x,S(x)=0.8x+178.5,0≤x≤90 Step 2 of 3: Find
the consumers' surplus at the equilibrium point. Round your answer
to the nearest cent. Consider the following demand and supply
functions. D(x)=204−0.9x,S(x)=0.8x+178.5,0≤x≤90 Step 3 of 3: Find
the producers' surplus at the equilibrium point. Round your answer
to the nearest cent. Consider the following demand and supply
functions.

3. Solve the following problem: The supply function for x units
of a commodity is p = 30 + 100 ln ( 2 x + 1 )dollars and the
demand function is p = 700 − e^0.1x. Find both the consumer's and
producer's surpluses. Use your graphing calculator to find the
market equilibrium and compute definite integrals necessary to
compute the surpluses. Note you won't be able to do some of the
integrals otherwise. Explain your steps.
4. Sketch...

1.Determine the producer's surplus for the given supply function
and demand level x. (Round your answer to two decimal places.)
s(x) = 0.07x2 + 20; x = 100
2. Determine the producer's surplus for the given supply
function s and demand level x.
s(x) = 1/3x + 55; x =
90

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