Calculus 2

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6. [-/1 Points] DETAILS SCALCET9 8.XP.4.007. 0/100 Submissions Used MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER If a supply curve is modeled by the equation p = 400 + 0.4x3/2, find the producer surplus when the selling price p is $3600. $ Need Help? Read It Watch It Submit Answer7. [-/1 Points] DETAILS SCALCET9 8.XP.4.008. 0/100 Submissions Used MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER For a given commodity and pure competition, the number of units produced and the price per unit are determined as the coordinates of the point of intersection of the supply and demand curves. Given the demand curve 20 p = 70 - - and the supply curve p = 40 + _, find the consumer surplus and the producer surplus. consumer surplus $ producer surplus Illustrate by sketching the supply and demand curves and identifying the surpluses as areas. P p 100 100 Producer Surplus Consumer Surplus 80 80 60 60 40 40 Consumer Surplus Producer Surplus 20 20 WH X O 50 100 150 200 250 50 100 150 200 250 80 Consumer Surplus Producer Surplus 60 60 40 Producer Surplus 40 Consumer Surplus 20 X X 50 100 150 200 250 50 100 150 200 250 O Need Help? Read It Viewing Saved Work Revert to Last Response Submit Answer8. [-/1 Points] DETAILS SCALCET9 8.XP.4.002. 0/100 Submissions Used MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The marginal revenue from the sale of x units of a product is 14 - 0.0006x. If the revenue from the sale of the first 1,000 units is $11,300, find the revenue from the sale of the first 8,000 units. $ Need Help? Read It Submit Answer 9. [-/1 Points] DETAILS SCALCET9 8.XP.4.003. 0/100 Submissions Used MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The marginal cost of producing x units of a certain product is 73 + 1.5x - 0.006x2 + 0.00004x (in dollars per unit). Find the increase in cost if the production level is raised from 1,200 units to 1,700 units. (Round your answer to the nearest cent.) $ Need Help? Read It Submit Answer 10. [-/1 Points] DETAILS SCALCET9 8.XP.4.001.MI. 0/100 Submissions Used MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The marginal cost function C'(x) was defined to be the derivative of the cost function. If the marginal cost of manufacturing x meters of fabric is C'(x) = 6 - 0.002x + 0.000009x (measured in dollars per meter) and the fixed start-up cost is C(0) = $40,000, use the Net Change Theorem to find the cost of producing the first 1000 units. $ Need Help? Read It Master It Submit