Question
Find the consumers' surplus if the demand function for a particular dessert is given by D(x)=5000-0.3x. Assume supply and demand are in equilibrium at
Find the consumers' surplus if the demand function for a particular dessert is given by D(x)=5000-0.3x. Assume supply and demand are in equilibrium at x = 60. The consumers' surplus is: (A) between $43,000 and $43,250 (B) between $42,750 and $43,000 (C) between $42,500 and $42,750 (D) between $42,250 and $42,500 (E) between $42,000 and $42,250 Find the producers' surplus if the supply function for soybeans is given by S(x)=0.15 0.02x +30. Assume the supply and demand are in equilibrium at x = 250. The producers' surplus is: (A) less than $4300
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
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