Estimating consumer surplus

Assignment Help Microeconomics
Reference no: EM1367123

The demand curve for product X is given by Qdx = 460 - 4Px

a) How much consumer surplus do consumers receive when Px = $35?

b) How much consumer surplus do consumers receive when Px = $25?

Reference no: EM1367123

Previous Q& A

  Determine the price to maximize revenues

Suppose you are a manager at the DaimlerChrysler. Daimler-Chrysler has lost fund on the Smart car since 1st model rolled off the assembly line in 1998.

  Value chain activity in a hospital-health care organization

What would be a value chain activity in a hospital or health care organization? Where would you requireto make sure connection activities for your value chain to be successful? Describe.

  Determining optimal level of pollution

Suppose an economy of two firms and two consumers. The two firms pollute. Firm 1 has a marginal savings function of MS1(e) = 5-e where e is the quantity of emissions from the firm.

  Describe how to prevent race condition from occurring

Function and wife calls deposit (). Explain how a race condition is possible and what might be done to prevent race condition from occurring.

  Market structure of airport

Describe supply and demand as it relates to airport market structure(oligopoly). Describe customers options - given the customers are price sensitive

  Advantages-disadvantages using ehr in a medical office

In brief explain some advantages and disadvantages to using EHRs in a medical office.

  Calculating economic profit

Sydney is wants to start a new business, but would have to give up a job with a total compensation of $100,000 every year. After researching the new business opportunity, Syndey created following estimates.

  Draw pattern activity for adapter and data access object

Draw Pattern Activity: Create a 2-3 page paper comparing and contrasting five of design patterns. Select any five from the list.

  Economic analysis of events

Levi Strauss successfully markets Levi jeans on the History channel as a way for older men to stay young forever. What will happen in the jeans market ceteris paribus?

  Medical records during transition

How would accessibility be affected to medical records during the transition?


Write a Review


Similar Q& A

  Neolithic revolution

Neolithic Revolution

  Assignment on supply, demand & taxes

Assignment on Supply, Demand & Taxes,    Supply, Demand, and Taxes,  The market for tennis shoes exhibits the following supply and demand schedules:

  Determining competition and pricing

How does competition affect profits and prices? What causes some firms to enter an industry, and others to leave it?

  What are normal goods

What are "normal" goods? Give an example in our current economy and what are "inferior" goods? Give an example in our current economy.

  Demand-quantity demanded-supply

Explain what happens to price and quantity of milk when the following events take place: For each and every event, specify how it effects either demand, quantity demanded, supply, or quantity demanded. It is also important to demonstrate how the ch..

  Current economic theory

Current economic theory and their application or lack of application to contemporary economic problems

  Derive equation for demand curve

Derive the equation for the demand curve facing the airline during the winter month of January if P = $100, PC = 150, BAI = 200, and S+0 (Price should be expressed as a function of quantity.)

  Supply and demand of ebay

Go to the internet auction site eBay at and pick the category Jewelry and Watches, followed by Loose Diamonds and Gemstones, and then Diamonds, Natural.

  Estimating equilibrium price and quantity

What would be the equilibrium quantity and equilibrium price? Assume the Government imposes a $5 per unit tax on the seller, which equation would be affected and how?

  Econ 301 assignment

Econ 301 Assignment, Find at least three other variables that may affect the return of equity of your choice

  Concept of elasticity

Evaulate the price elasticity of demand for subway rides. The subway fare in your town has just been increased from the current level of 50 cents to $1.00 per ride.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd