Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 13, 2024

Given: (x is number of items) Demand function: d(x) = 921.6 - 0.3x2 Supply function: s(x) = 0.6x2 Find the equilibrium quantity: 32 Find the

Given: (x is number of items) Demand function: d(x) = 921.6 - 0.3x2 Supply function: s(x) = 0.6x2 Find the equilibrium quantity: 32 Find the consumers surplus at the equilibrium quantity

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

Recommended Textbook for

International Economics

Authors: Dominick Salvatore

12th edition

9781118955727, 1118955765, 1118955722, 978-1118955765

More Books

Students also viewed these Economics questions

Question

★★★★★

You are part of a student team that has volunteered to host an alumni event at a recently re-opened museum in the downtown part of your city for the twin purposes of establishing contacts with...

Answered: 1 week ago

Question

★★★★★

Discuss the decision making involved in choosing your college: a. Interview two classmates and determine what influenced their decision to attend this school. b. How did youand the people you...

Answered: 1 week ago

Question

★★★★★

A producer of soft drinks was fairly certain that her brand had a 10% share of the soft drink market. In a market survey involving 2500 consumers of soft drinks, X = 211 expressed a preference for...

Answered: 1 week ago

Question

★★★★★

The following amounts were obtained from Stanwick Companys accounting records. Required: Compute the missing amounts. 2016 2017 $381,220 Net sales Cost of goods sold: $423,150 $36,800 Beginning...

Answered: 1 week ago

Question

★★★★★

You are a truck driver who left your home terminal in Toronto last year on September 5 th 2022 at 3pm heading to Vancouver and then returned to your home terminal September 13 th 2021 at 11am. Using...

Answered: 1 week ago

Question

★★★★★

Current Attempt in Progress Blue Inc. had beginning inventory of $31,200 at cost and $52,000 at retail. Net purchases were $312,000 at cost and $442,000 at retail. Net markups were $26,000, net...

Answered: 1 week ago

Question

★★★★★

PR 4-5 Accounting cycle 8. Net income: $68,130 217 OBJ. 4, 5 For the past several years, Samantha Hogan has operated a part-time consulting business from her home. As of July 1, 20Y9, Samantha...

Answered: 1 week ago

Question

★★★★★

An article posted by the Canadian Visa Organization regarding the cost of living in Canada in 2021 stated that Canadians spend most of their salary on paying house rent or housing mortgages....

Answered: 1 week ago

Question

★★★★★

Let's consider a binomial probability distribution. Go to https://stapplet.com/binom.html a.Enter p=.5 and n is equal to 4 then click 'plot distribution'. What is the shape of the distribution (for...

Answered: 1 week ago

Question

★★★★★

The marks on a statistics midterm test are normally distributed with a mean of 75 and a standard deviation of 4. a. What proportion of the class has a midterm test mark that is less than 80? Round...

Answered: 1 week ago

Question

★★★★★

Winkin, Blinkin, and Nod are equal shareholders in SleepEZ, an S corporation. In the conditions listed below, how much income should each report from SleepEZ for 2023 under both the daily allocation...

Answered: 1 week ago

Question

★★★★★

Please do not answer if you are not sure people keep wasting my chegg questions with wrong answers, thank you. Required Information The following information applies to the questions displayed...

Answered: 1 week ago

Question

★★★★★

Make eye contact when talking and listening

Answered: 1 week ago

Question

★★★★★

Do not go, wait until I come

Answered: 1 week ago

Question

★★★★★

Pay him, do not wait until I sign

Answered: 1 week ago

Previous Question Next Question