Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. [-/1 Points] DETAILS Math 110 Course Resources - Applications of Definite Integrals Course Packet on consumer, producer and total surplus If the demand function
1. [-/1 Points] DETAILS Math 110 Course Resources - Applications of Definite Integrals Course Packet on consumer, producer and total surplus If the demand function for math anxiety pills is p = D(x) = v 25 - 2x, determine the consumer surplus at the market price of 3 dollars. dollars Consumer surplus = MY NOTES 2. [-/1 Points] DETAILS Math 110 Course Resources - Applications of Definite Integrals Course Packet on consumer, producer and total surplus If the demand function for math anxiety pills is p = D(x) = -5x + 40 and the corresponding supply function is p = S(x) = 4x + 4, determine the consumer and the producer surplus at the market equilibrium point. Consumer surplus = dollars Producer surplus = dollars 3 o DEC stv O 40)) F12 20 FS 856 F4 F5 F6 F7 F8 F9 F10 F2 % A & 2 8 O 5 Q W E R T U O P3. [-/1 Points] DETAILS Math 110 Course Resources - Applications of Definite Integrals Course Packet on consumer, producer and total surplus Video Tutorial Suppose the daily supply equation for noise cancelling wireless headphones is given by p = S(x) = 60 + 30e0.05x where p is in dollars and x is the number of headphones produced daily. Determine the quantity supplied if the market price is 180 dollars. units Quantity supplied (exact value) = Determine the producer surplus at the market price of 180 dollars. Producer surplus (exact value) = dollars Producer surplus (rounded to the nearest dollar) = dollars DEC istv A 7 esc 9 F1 F2 20 F3 888 F4 F5 F6 44 17 F9 F10 % & 2 A 5 6 O Q W E R T Y U O P A S D F G H K Z X B N M and4. [-/1 Points] DETAILS Math 110 Course Resources Applications of Definite Integrals Course Packet on consumer, producer and total surplus The demand and supply functions for Penn State women's volleyball jerseys are: p = d(x) = -x2 - 11x + 114 p = s(x) =2x2 + x+ 18 where x is the number of hundreds of jerseys and p is the price in dollars. (a) Find the equilibrium quantity. , which corresponds to jerseys . Equilibrium quantity, x = (b) Compute the total surplus at the equilibrium point. Total surplus = dollars 5. [-/1 Points] DETAILS DEC esc FI F2 20 F3 FS F6 44 F7 F8 % & 2 13 5 6 7 8 Q W R T Y U A D G H
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started