Question

In: Math

​D(x) is the​ price, in dollars per​ unit, that consumers are willing to pay for x...

​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-5)^2

S(x)=x^2+4x+11

Solutions

Expert Solution

milcah answered 1 year ago
Next > < Previous

Related Solutions

​D(x) is the​ price, in dollars per​ unit, that consumers are willing to pay for x...
​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-8)^2​, ​S(x)=x^2+4x+24
D(x) is the price, in dollars per unit, that consumers are willing to pay for x...
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)=-5/6x+11,S(x)=1/3x+4
1. Anqi pays 45 dollars per unit of x and 30 dollars per unit of y....
1. Anqi pays 45 dollars per unit of x and 30 dollars per unit of y. Her preferences are u(x, y) = x1/2y1/2. Anqi's income is 1800 dollars. How many units of good x should she purchase? 2 .A consumer has preferences u(x, y) = x1/2 + y1/2. She usually consumes 4 units of x and 4 units of y but the store has sold out of good y. How many units of good x must she consume to keep...
nqi pays 45 dollars per unit of x and 30 dollars per unit of y. Her...
nqi pays 45 dollars per unit of x and 30 dollars per unit of y. Her preferences are u(x, y) = x1/2y1/2. Anqi's income is 1800 dollars. If she joins a price club she can purchase good x for only 20 dollars per unit. What is the maximum fee that Anqi should pay for a membership at this price club?
When the price is $30 per unit, buyers in a market are willing to buy 400...
When the price is $30 per unit, buyers in a market are willing to buy 400 gadgets and when the price is $60 per unit, they are only willing to buy 100 gadgets. When the price is $30 per unit, sellers in a market are only willing to sell 150 gadgets and when the price is $60 per unit, they are willing to sell 225 gadgets. Assume (1) the economic environment of buyers (their income, tastes or preferences, other prices,...
When the price is $30 per unit, buyers in a market are willing to buy 400...
When the price is $30 per unit, buyers in a market are willing to buy 400 gadgets and when the price is $60 per unit, they are only willing to buy 100 gadgets. When the price is $30 per unit, sellers in a market are only willing to sell 150 gadgets and when the price is $60 per unit, they are willing to sell 225 gadgets. Assume (1) the economic environment of buyers (their income, tastes or preferences, other prices,...
When the price is $30 per unit, buyers in a market are willing to buy 400...
When the price is $30 per unit, buyers in a market are willing to buy 400 gadgets and when the price is $60 per unit, they are only willing to buy 100 gadgets. When the price is $30 per unit, sellers in a market are only willing to sell 150 gadgets and when the price is $60 per unit, they are willing to sell 225 gadgets. Assume (1) the economic environment of buyers (their income, tastes or preferences, other prices,...
When the price is $30 per unit, buyers in a market are willing to buy 400...
When the price is $30 per unit, buyers in a market are willing to buy 400 gadgets and when the price is $60 per unit, they are only willing to buy 100 gadgets. When the price is $30 per unit, sellers in a market are only willing to sell 150 gadgets and when the price is $60 per unit, they are willing to sell 225 gadgets. Assume (1) the economic environment of buyers (their income, tastes or preferences, other prices,...
#1 A company will sell Gizmos to consumers at a price of $81 per unit. The...
#1 A company will sell Gizmos to consumers at a price of $81 per unit. The variable cost to produce Gizmos is $41 per unit. The company expects to sell 18,000 Gizmos to consumers each year. The fixed costs incurred each year will be $110,000. There is an initial investment to produce the goods of $3,400,000 which will be depreciated straight line over the 15 year life of the investment to a salvage value of $0. The opportunity cost of...
A company sells Gizmos to consumers at a price of $117 per unit. The cost to...
A company sells Gizmos to consumers at a price of $117 per unit. The cost to produce Gizmos is $27 per unit. The company will sell 15,000 Gizmos to consumers each year. The fixed costs incurred each year will be $190,000. There is an initial investment to produce the goods of $3,400,000 which will be depreciated straight line over the 10 year life of the investment to a salvage value of $0. The opportunity cost of capital is 6% and...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT