Question

given the following supply and demand functions find the consumer's surplus and producer's surplus. s(x)= 0.09x2...

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

Math   Calculus   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1.Determine the producer's surplus for the given supply function and demand level x. (Round your answer...
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...
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...
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...
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 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...
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 $_
Find the​ producers' surplus if the supply function for pork bellies is given by the following....
Find the​ producers' surplus if the supply function for pork bellies is given by the following. S(Q) = q^7/2 + 4q^5/2 +51 , Assume supply and demand are in equilibrium at q=16. The​ producers' surplus is ​$ ----------------
Given the demand and supply for water dispensers: Qd = 720 - 17 P Qs =...
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
For a quantity x of a certain product the demand function d(x) and the supply function...
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...
Assume the demand function is D(x)= -0.6x2+160 and the supply function is S(x)= 0.4x2 +x+50 find...
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
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT