Solution-Find the consumer surplus and the producers surplus

Find the consumer surplus and the producers surplus

Assignment Help Mathematics

Reference no: EM132076794

The quantity x demanded per week, in units of a hundred, of a certain product is related to the unit price p (in dollars) by the relation

p: 0.02x^2-0.2x+238

The quantity x in units of a hundred, that the supplier is willing to make available in the market per week is related to the unit price p by the relation

p:0.01x^2+0.1x+22

If the market price is set at the equilibrium price, find the consumer's surplus and the producers' surplus.

Reference no: EM132076794

Questions Cloud

What gain would be recognized from this sale : He sells the barn for $8,900. If he had no other Section 1231 transactions, what gain would be recognized from this sale

Describe the psychological consequences in detail : Describe the psychological consequences (positive and negative) that might result from engaging in behaviors reserved for a specific sex?

Business - society and the planet : BUGEN 5930 - Business, Society and the Planet - reflect on how these issues intersect with the world of business - Examples of businesses successfully engaging

What is the contribution margin per unit : Goldfarb's total fixed costs are $25,500, and budgeted sales are 8,500 units. What is the contribution margin per unit

Find the consumer surplus and the producers surplus : If the market price is set at the equilibrium price, find the consumer's surplus and the producers' surplus.

Three important criteria of nomothetic causality : If this is the case the idiographic approach would be to look at everyone possible factor that would impact this hypothesis.

Usually occurs between manager and subordinate employee : The administration of discipline usually occurs between a manager and a subordinate employee.

Determine whether the integral is divergent or convergent : Determine whether the integral is divergent or convergent. If it is convergent, evaluate it. If not, state your answer as "divergent."

Prepare the necessary journal entries in august : Blue Mountain Power COMPANY obtained authorization to issue 20 year bonds with a face value of 10 million. Prepare the necessary journal entries in August

User Account

All Pages

Find the consumer surplus and the producers surplus

Reference no: EM132076794

Reference no: EM132076794

Questions Cloud

Reviews

Write a Review

Mathematics Questions & Answers

Questions on ferris wheel

Logistic map

Finding the probability of cards

Systems of ode

Derive the boolean expression

System of equations

Linear programming problem

Find the natural domain

Introduction to numerical methods

Chart of the topological manifold

Mathematics in computing

Complex problems

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT