Find the consumers surplus CS for each of the following demand curves at the level indicated (a) P 375 302 20 10, Po 75 From (12 8), 20 CS CS 10 10 f(Q) dQ Qo Po (375 302) dQ 10(75) CS (3750 2) 0 750 CS 3750 1000 750 2000 350 (b) P 20 20, Po 12 Q 5' 20 CS 350 (Q 5) ' dQ 12(20) So CS 350 In(Q 5)120 ...

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Find the consumers surplus CS for each of the following demand curves at the level indicated. (a)

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Schaum S Outline Of Mathematical Methods For Business Economics And Finance

ISBN: 978-1264266876

2nd Edition

Authors: Luis Moises Pena Levano

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Question Posted: Sep 20, 2024 06:04 AM

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Find the consumers surplus CS for each of the following demand curves at the level indicated. (a) P=375-302; 20 = 10, Po = 75 From (12.8), 20 CS = CS = = 10 10 f(Q) dQ - Qo Po (375 302) dQ - 10(75) -...
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Find the consumers surplus CS for each of the following demand curves at the level indicated. (a)

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(a) P=375-302; 20 = 10, Po = 75 From (12.8), 20 CS = CS = = 10 10 f(Q) dQ - Qo Po (375 302) dQ - 10(75) - CS = (3750 - 2)|0 - 750 CS 3750-1000-750 = 2000 = 350 (b) P = = 20 = = 20, Po= 12 Q+5' 20 CS = = [350 (Q+5)-'] dQ - 12(20) So CS [350 In(Q+5)120 - 240 = CS [350(3.21888 1.60944)]-240323.30 = -

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Schaum S Outline Of Mathematical Methods For Business Economics And Finance

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