Answered step by step
Verified Expert Solution
Question
1 Approved Answer
webassignnet cliegg cancel , Google cancel coursehro , Goo another laptop lor acco E Flnanmal Statement Ana Mam 142 Section 4 6 Ar Math142,
webassignnet cliegg cancel , Google cancel coursehro , Goo another laptop lor acco E Flnanmal Statement Ana " Mam 142 Section 4 6 Ar Math142, section 5017... T 7. [0\" Points] PREVIOUS ANSWERS TAMUBUSCALC1 4.6.007. 1/6 Submissions Used A particular commodity has a price-demand equation given by p = \\/ 13,414 413x, where x is the amount in pounds of the commodity demanded when the price is p dollars per pound. (a) Find consumers' surplus if the equilibrium quantity is 30 pounds. (Round your answer to the nearest cent if necessary.) $ 185850 x (b) Find consumers' surplus if the equilibrium price is 11 dollars. (Round your answer to the nearest cent if necessary.) $ X 8. [11 Points] TAMUBUSCALC1 4.6.008. 0/6 Submissions Used A particular commodity has a price-supply equation given by p = 3680033)", where x is the numbers of items of the commodity demanded when the price is p dollars per item. (a) Find producers' surplus if the equilibrium quantity is 58 items. (Round your answer to the nearest cent if necessary.) $ (b) Find producers' surplus if the equilibrium price is 2,549 dollars. (Round your answer to the nearest cent if necessary.) $ 9. [0\" Points] PREVIOUS ANSWERS TAMUBUSCALC1 4.6.009. 1/6 Submissions Used A popular three-story dollhouse has a price-demand equation given by p = D(x) = 161 0.9x and the price-supply equation is given by p = $00 = 0.1x + 111, where x is the number of dollhouses demanded/supplied when the price is p dollars each. (Round your answers to the nearest cent if necessary.) (a) Find the consumers' surplus for the dollhouses. ABP webassign.net C chegg cancel - Google.. G cancel coursehro - Goo... M another laptop for acco.. Financial Statement Ana... AIM Math 142 Section 4.6 Ar... "A Math 142, section 501-... Dashboard a product uonaTor (Round your anlowe $ 9. [0/1 Points] DETAILS PREVIOUS ANSWERS TAMUBUSCALC1 4.6.009. 1/6 Submissions Used MY NOTES A popular three-story dollhouse has a price-demand equation given by p = D(x) = 161 - 0.9x and the price-supply equation is given by p = S(x) = 0.1x + 111, where x is the number of dollhouses demanded/supplied when the price is p dollars each. (Round your answers to the nearest cent if necessary.) (a) Find the consumers' surplus for the dollhouses. $ 875 X (b) Find the producers' surplus for the dollhouses. $ 375 X 10. [-/1 Points] DETAILS TAMUBUSCALC1 4.6.010. 0/6 Submissions Used MY NOTES The price-demand equation for a particular flashlight is given by p = 114 - 0.002x, where x is the number of flashlights demanded when the price is p dollars each. The flashlight manufacturers will produce no flashlights if the price is $78 or less, and they will market 5,500 flashlights when the price is $100 per flashlight. (Assume the price-supply equation is linear.) (a) Find the consumers' surplus for this commodity. $ (b) Find the producers' surplus for this commodity. $
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