Question

given the following supply and demand functions find the consumer's surplus and producer's surplus.

s(x)= 0.09x^{2} d(x)=300-0.03x^2

Answer #1

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

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. 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) = _____.

Economic surplus is
demand price less equilibrium price
supply price above market price
consumer's surplus plus producer's surplus
none of the above

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.

1. Find the equilibrium point for a product D(x)=36−0.004x^2 and
S(x)=0.005x^2 Round only final answers to 22 decimal places.
The equilibrium point (Xe,Pe) is (_,_)
2. Find the consumer's and producer's surplus if for a product
D(x)=25−0.008x^2 and S(x)=0.008x^2 Round only final answers to 22
decimal places.
The consumer's surplus is $_, and the producer's surplus is
$_

Find the producers' surplus if the supply function for pork
bellies is given by the following. S(Q) = q^7/2 + 4q^5/2 +51 ,
Assume supply and demand are in equilibrium at
q=16.
The producers' surplus is $ ----------------

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...

Given the demand and supply for water dispensers:
Qd = 720 - 17 P
Qs = -70 + 20 P
1. The market equilibrium price is
2. The market equilibrium quantity is
3. What is the value of the demand curve's vertical intercept
?
4. What is the value of the supply curve's vertical
intercept?
5. What is the Consumer's Surplus?
6. What is the Producer's Surplus?
Submit Assignment

Assume the demand function is D(x)= -0.6x2+160 and
the supply function is S(x)= 0.4x2 +x+50 find the
consumer surplus
A) 100
200
300
400
500
600
700
None

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