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- D(x) is the price, in dollars per unit, that consumers are willing to pay for x units of an item, and S(x) is the price, in dollars per unit, that producers are willing to accept for x units. Find (a) the equilibrium point, (b) the consumer surplus at the equilibrium point, and (c) the producer surplus at the equilibrium point. D(x) = 8 – x, for 0D(x) is the price, in dollars per unit, that consumers are willing to pay for x units of an item, and S(x) is the price, in dollars per unit, that producers are willing to accept for x units. Find (a) the equilibrium point, (b) the consumer surplus at the equilibrium point, and (c) the producer surplus at the equilibrium point D(x)=2000-10x, S(x) = 950 + 25x THERE (a) What are the coordinates of the equilibrium point? (Type an ordered pair.) (b) What is the consumer surplus at the equilibrium point? (Round to the nearest cent as needed.) (c) What is the producer surplus at the equilibrium point? (Round to the nearest cent as needed.) AL ALD(x) is the price, in dollars per unit, that consumers are willing to pay for x units of an item, and S(x) is the price, in dollars per unit, that producers are willing to accept for x units. Find (a) the equilibrium point, (b) the consumer surplus at the equilibrium point, and (c) the producer surplus at the equilibrium point. 3 1 D(x) = -x+6, S(x) = +1 (a) Find the equilibrium point. (Type an ordered pair, using integers or decimals.)D(x) is the price, in dollars per unit, that consumers are willing to pay for x units of an item, and S(x) is the price, in dollars per unit, that producers are willing to accept for x units. Find (a) the equilibrium point, (b) the consumer surplus at the equilibrium point, and (c) the producer surplus at the equilibrium point. X 2 D(x) = (x – 9)², S(x) =x² + 4x + 37 (a) What are the coordinates of the equilibrium point? |(Type an ordered pair.) (b) What is the consumer surplus at the equilibrium point? $4 (Round to the nearest cent as needed.) (c) What is the producer surplus at the equilibrium point? $4 (Round to the nearest cent as needed.)D(x) is the price, in dollars per unit, that consumers are willing to pay for x units of an item, and S(x) is the price, in dollars per unit, that producers are willing to accept for x units. Find (a) the equilibrium point, (b) the consumer surplus at the equilibrium point, and (c) the producer surplus at the equilibrium point. D(x)=(x−9)^2, S(x)=x^2+6x+57If 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.D(x) is the price, in dollars per unit, that consumers are willing to pay for x units of an item, and S(x) is the price, in dollars per unit, that producers are willing to accept for x units. S(x)= ex-6.5 -x+ 5.5 D(x)= e a) Find the equilibrium point. b) Find the consumer surplus at the equilibrium point. c) Find the producer surplus at the equilibrium point. a) What are the coordinates of the equilibrium point? (Type an ordered pair Round each coordinate to the nearest hundredth as needed. Do not include the $ symbol in your answer) b) What is the consumer surplus at the equilibrium point? $ (Round to the nearest cent as needed) c) What is the producer surplus at the equilibrium point? $ (Round to the nearest cent as needed)For the demand and supply equations: S(q) = 5 + 0.004q2 , D(q) = 25 − .004x2 a)find the equilibrium price b)find the producers’s surplus c)find the consumers’s surplus.When a market is in equilibrium, the total amount of consumer surplus must be--------- the total amount of producer surplus. 1)equal to 2)larger than 3)less than 4)none of theseThe market demand and supply equations for theme park in a city are given by P = 30 – 0.005QD and P = 10 + 0.005QS, where P is the price in dollars and QD is the quantity of theme-park tickets demanded and QS is the quantity of theme park ticket supplied. Given that the equilibrium price of theme park tickets is $20, equilibrium quantity of theme park tickets is 2000 and the consumer surplus is 10000 and producer surplus is 10000: Explain the implications of the welfare of consumers, producers and the society when the price of theme park ticket is fixed at $15. Support your answers with a graph of the theme park tickets market.tab STUDY NOTES The value of x at equilibrium is. The value of p at equilibrium is $ Find the consumers' surplus and the producers' surplus at the equlibrium level for the given price-demand and price-supply equations. Include a graph that identifies the consumers' surplus and the producers' surplus. Round all values to the nearest integer. p=D(x)=39-0.09x; p= S(x)=11+0.05x ! 1 0 The consumers' surplus at equilibrium is $. December 5, 2022 at 6:46 AM A The producers' surplus at equilibrium is $. 2 W S Aa # 3 E D $ 4 R F 8 % 5 T » Q G 6 F Y 2048 tv & 7 H O 8 (CSolve a Consumers' or Producers' Surplus Problem. A sports watch has a price-demand equation given by p= D(z) = 40-2-0174176a dollars, which gives the price per watch when a watches are demanded. The price-supply equation for the watch is given by p= S(x) = 0.6z+4 dollars, which gives the price per watch when z watches are supplied. If the equilibrium quantity is 11, find the consumers' surplus and the producers' surplus. The consumers' surplus is. (Your answer must begin with S.) The producers' surplus is Your answer must begin with $.)SEE MORE QUESTIONS
