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-8)^2, S(x)=x^2+4x+24
Solutions
milcah answered 2 years agoRelated 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-5)^2
S(x)=x^2+4x+11
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...
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