How much consumer surplus do consumers receive

Assignment Help Microeconomics
Reference no: EM13181413

The demand curve for product x is given by Qx^d=460-4Px

a.)Find the inverse demand curve.
b.)How much consumer surplus do consumers receive when Px=$35?
c.)How much consumer surplus do consumers receive when Px=$25?
d.)In general, to the level of consumer surplus as the price as the price of a good falls?

Reference no: EM13181413

Questions Cloud

State a urine sample was found to have a ph : Uric acid dissociates as shown in the figure at the right with a pKa of 5.80, and can be treated as a simple monoprotic acid in this pH range. Its solubility in urine depends on the relative amount of protonated and unprotonated forms. A urine sam..
Is type of business a categorical or quantitative variable : The Commerce Department reported receiving the following applications for the Malcom Bardrige National Quality Award: 23 from large manufacturing firms, 18 from large service firms, and 30 from small businesses. - Is type of business a categorical..
Find the volume of the volcano : A volcano fills the volume between the graphs z=0 and z=1/(x^2+y^2)^14 and outside the cylinder x^2+y^2=1. Find the volume of the volcano.
Define urine depends on the relative amount of protonated : Uric acid dissociates as shown in the figure at the right with a pKa of 5.80, and can be treated as a simple monoprotic acid in this pH range. Its solubility in urine depends on the relative amount of protonated and unprotonated forms. A urine sam..
How much consumer surplus do consumers receive : Find the inverse demand curve. How much consumer surplus do consumers receive when Px=$35? How much consumer surplus do consumers receive when Px=$25? In general, to the level of consumer surplus as the price as the price of a good falls?
Hypochloridia is defined as having a stomach ph greater : The sample required 3.7 mL of 0.0013 M NaOH to titrate the sample to neutrality. What was the pH of the gastric juice? Hypochloridia is defined as having a stomach pH greater than 4. Was the patient suffering from hypochloridia?
Define what is the molarity of acetic acid : What is the molarity of acetic acid, CH3COOH (MM= 60.0) in vinegar if a 5.00mL sample of vinegar requires 22.50mL of a 0.195M NaOH solution to neutralize it?
Is this measure stabilizing or destabilizing : Some states are required to balance their budgets. Is this measure stabilizing or destabilizing? Suppose all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on t..
State the precipitate is calcium oxalate : Then you precipitate the calcium ion in solution by adding sodium oxalate Na2C2O4. The precipitate is calcium oxalate, CaC2O4. You find that a sample of limestone weighing 128.3 mg gives 140.2 mg of CaC2O4. What is the mass % of calcium in the lim..

Reviews

Write a Review

 

Microeconomics Questions & Answers

  What interest rate would this be a fair deal

Curly's Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $33,000 per year forever.

  Estimate an index model running regression

Think the single-index model. The alpha of a stock is 0 percent. The expected return on the market is 12 percent. The risk-free rate of return is 6 percent.

  State and explain the law of diminishing marginal utility

State and explain the law of diminishing marginal utility and do the same for the law of diminishing returns and identify and explain two similarities and two differences between these two laws.

  Computing herfindahl-hirshman index

Compute the pre-merger HHI measures for each market. How would a merger affect the market's HHI?

  Important aspect of monopolistic competition and oligopoly

Suppose that the most popular car dealer in your area sells 10 percent of all vehicles. If all other car dealers sell either the same number of vehicles or fewer, what is the largest value that the Herfindahl index could possibly take for car deal..

  Explain how you would modify the data

Explain how you would modify the data in order to make it relevant to decisions a manager must make. Explain the major factors that affect the degree of competitiveness in your industry.

  Explain three basic trade-offs

If Microeconomics is considered to be study of scarce resources. In which customers must make allocation decisions. These 3-basic trade offs include which products or services are to be manufactured

  What specific global imbalance are indentified

what effects might a decision by these countries to diversify their interrational reserve holdings have on the dollar and what problems might it create for U.S monetary policy?

  Advantage & disadvantage of different types of exchange rate

During middle years of this decade, the exchange rate of the United States dollar has declined against the currencies of its major trading partners.

  Monopolist''s total / average profit / loss

Find the taxi firms profit maximizing or loss minimizing output level, Q. Calculate the monopolist's total profit. What is the monopolist's average profit?

  Which entree should he choose to put on sale

A $2.50 decrease in the price of the $17 salmon entrée increased sales from 40 to 75 meals per week. Which entree should he choose to put on sale?

  Analyzing the current market conditions of airline industry

Make a paper analyzing the current market situations of Airline industry including a supply and demand analysis that answers following questions:

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