Find the consumers surplus for the demand function P = 50 2Q 0.01Q 2 when

Question:

Find the consumer’s surplus for the demand function
P = 50 − 2Q − 0.01Q²
when
(a) Q = 10

(b) Q = 11

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Mathematics for Economics and Business

ISBN: 978-1292191669

9th edition

Authors: Ian Jacques

See More Books

Question Posted: Apr 18, 2019 10:10 AM

See More Questions

If the demand function for a product is p=12/ (x+1) and the supply function is p=1+0.2x, find the consumer's surplus under pure competition. In the following equation p and C are in dollars and x is...
If the demand function for a good is p=110-x2 and the supply function for it is p=2-6/5 X+1/5 x2, find the consumer's surplus under pure competition. In the following equation p and C are in dollars...
A monopoly has a total cost function C=1000+ 120x+6x2 for its product, which has demand function p=360-3x-2x2. Find the consumer's surplus at the point where the monopoly has maximum profit. In the...
Our model of pollution in this chapter assumed that emissions are a pure private bad, and that people have no ability to protect themselves from the adverse consequences of exposure. In reality,...
Air enters the ideal Brayton-Rankine combined cycle of Fig. 9.50 at 75°F and an atmospheric pressure of 15 psia. The compressor pressure ratio is 6. Exhaust leaves the gas turbine at 2000°F...
Critically discuss the proposals for a new independent regulator (ARGA).
The random variable x has the following discrete probability distribution: a. Find P(x 5 3). b. Find P(x < 3). c. Find P(x = 7). d. Find P(x 2 5). e. Find P(x > 2). f. Find P(3 % x 5 9).
Many people are concerned about the rising price of gasoline. Suppose that government officials are thinking of capping the price of gasoline below its current price. Which of the following outcomes...
$ (b) What is the net date
1. How would you characterise the alignment between Huaweis business strategy, core values and reward practices? 2. Huaweis competitive strategy emphasises R&D and the development of innovative...
Find the producers surplus at Q = 9 for the following supply functions: (a) P = 12 + 2Q (b) P = 20Q + 15
Given the demand function and the supply function Find (a) the consumers surplus (b) the producers surplus assuming pure competition. P = -Q 4Qp + 68 P = Q + 2Qs + 12
For the arrangement of forces in Problem 117, a 2.00 kg particle is released at x = 5.00 m with an initial velocity of 3.45 m/s in the negative direction of the x axis.(a) If the particle can reach x...
3. Given the continuous beam shown below, which span or spans should be loaded with a uniform distributed load to produce a maximum moment at support B? (5 points) SPAN 1 SPAN 2 SPAN 3 A B D 20 ft...
Complete the following writing assignment: Analyze the attached 10_pages. Write_about them, summarize what you read, and connect it to personal experiences. CHAPTER 8 Anxiety Disorders DAVID P....
As a manager of an airline company you want to learn the average weight of luggages checked in on a flight. From a sample of 1 6 luggages, you find the average to be 2 6 kg and the standard deviation...
What is the Manufacturing Cycle Efficiency? 11. Use High-Low to find the fixed and variable costs. Machine Month Costs Hours 12345678 $1,730,890 15,820 $1,753,860 13,980 $1,562,890 11,550 4...
Jimmy Padilla purchased a gravel pit in the current year for $944,232 and estimates that there will be a residual value in the land of $36,404 once resource extraction is complete. He estimates that...
The definition is B ? = [b jk ], where Find the incidence matrix of the digraph in Prob. 11. Data from Prob. 11 Find the adjacency matrix of the given graph or digraph. bjk (-1 1 0 otherwise. if edge...
Chloroplasts are illuminated until the levels of the Calvin cycle intermediates reach a steady state. The light is then turned off. How does the level of RuBP vary after this point?
Problem refer to zero coupon bonds. A zero coupon bond is a bond that is sold now at a discount and will pay its face value at some time in the future when it maturesno interest payments are made. A...
Problem refer to zero coupon bonds. A zero coupon bond is a bond that is sold now at a discount and will pay its face value at some time in the future when it maturesno interest payments are made. If...
In Problem perform the indicated operation, if possible. [1 5] + [3 10]
Product Weight Sales Additional Processing Costs P 300,000 lbs. $ 245,000 $ 200,000 Q 100,000 lbs. 30,000 -0- R 100,000 lbs. 175,000 100,000 If joint costs are allocated based on relative weight of...
The projected benefit obligation was $380 million at the beginning of the year. Service cost for the year was $21 million. At the end of the year, pension benefits paid by the trustee were $17...
CVP Modeling project The purpose of this project is to give you experience creating a multiproduct profitability analysis that can be used to determine the effects of changing business conditions on...

Find the consumers surplus for the demand function P = 50 2Q 0.01Q 2 when

Question:

Step by Step Answer:

10 6 50200010 40291...View the full answer

Mathematics for Economics and Business

Students also viewed these Mathematics questions