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- The supply curve for product X is given by Qxs = −520 + 20 Px . a. Find the inverse supply curve. b. How much surplus do producers receive when Qx = 400? When Qx = 1,200?If the supply and demand functions are given by p=20e0.4Q and p=100e-0.2Q, respectively, find the equilibrium price and quantity, and calculate the consumer’s and producer’s surplus.In this problem, p is in dollars and x is the number of units. The demand function for a certain product is p = 189 – 2x2 and the supply function isp = x2 + 33x + 36. Find the producer's surplus at the equilibrium point. (Round x and p to two decimal places. Round your answer to the nearest cent.) $ Need Help? Read It Master It
- The price-demand equation for a particular flashlight is given by p = 118 - 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 $79 or less, and they will market 5,500 flashlights when the price is $101 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. $The supply curve for product X is given by QXS = -400 + 10PX .a. Find the inverse supply curve.P = b. How much surplus do producers receive when Qx = 500? When Qx = 1,250?When QX = 500: ?When QX = 1,250: ?For a certain item the demand curve is p = D(q) = 20 q + 1 and the supply curve is p = S(q) = q + 2. Find the equilibrium price and equilibrium quantity. Then compute the consumer and producer surplus.
- Find the producer surplusThe demand function for a certain product is? = 86 − ?2and the supply function is? = ?2 + 6? + 30where p is in millions of dollars and x is the number of thousands of units. Find the equilibriumpoint (x, p), then find the consumer’s surplus and producer’s surplus. Round your answer to thenearest unit (the nearest million dollars).Given a demand curve of P = 119 - 9Qd and supply of P = 22 + 2Qs, please calculate consumer surplus, assuming this is the output market
- C. Suppose that for Q units of a certain product, the demand function is P = 200e 0.010 cedis and the supply function is = 200Q+49 cedis. a) Find the market equilibrium point. b) Find the consumer's surplus. c) Find the producer's surplus.consider the inverse demand and supply for apples to be given by P=30-3Qd and P=6+Qs. the total surplus in this competitive market is ______. where______ is due to the producers. a) $50, 50% b) $54, 80% c) $18, 75% d) $72, 25%Producers' Surplus The demand function for a certain brand of CD is given by p = -0.01x² -0.2x + 9 where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. The supply function is given by p = 0.01x² + 0.1x + 4 where p is the unit price in dollars and x stands for the quantity that will be made available in the market by the supplier, measured in units of a thousand. Determine the producers' surplus if the market price is set at the equilibrium price. (Round your answer to the nearest dollar.) X $
