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1.Find Consumer Surplus of the following demand function P = 10 * sqrt(Q) + 5 at Q = 25. Note: sqrt = square root. 2.The
1.Find Consumer Surplus of the following demand function P = 10 * sqrt(Q) + 5 at Q = 25. Note: sqrt = square root.
2.The marginal cost function is given by MC = (8Q^3 - 4Q^2 + 7). Q = 3. Find Total Cost.
3.Given the demand function: 2P = 4Q^2 8Q + 136 and the supply function: 3P = 3Q^2 6Q + 36. Find Q assuming pure competition.
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