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Consumer Surplus Study The goal of this assignment is to apply Calculus to analyze consumer and producer surplus. This acvity is based off the economical

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Consumer Surplus Study The goal of this assignment is to apply Calculus to analyze consumer and producer surplus. This acvity is based off the economical principles discussed in Section 3.1 of "Principle of Economics" and Section F' of Chapter 3 in the Business Calculus book. The table below shows how sum and demand of -aso|iine vary depending on the . '--: m: there is some randomization in the above date no account For price fluctuations. Make sure to chedt that I,rou input the correct data in I.mour device. .- From like price above what is the equilibrum quantity.I between supply and demand: million of gallons Round your answer to closest whole number - Under these conditions, what is 1e mumer surplus? 4.74 x million of gallons Round your answer ho closest whole numbn- - Under these conditions. what is the producer surplus? 4.?4 X million of gallons Round your answer his closest whole number - Discuss what is a mathematical model in general. and how mathematical models are used in this activity

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