Suppose that a Supply curve is given by Qs = 38 + 3P, and P* =...

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Suppose that a Supply curve is given by Qs = 38 + 3P, and P* =...

Suppose that a Supply curve is given by Qs = 38 + 3P, and P* = 99. What is the value of Producer Surplus?

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Answer 1

Answer #1

Qs = 38t3p at p=99) - As a 38+ 3xgg 297 B 12.67 pc 294 Prodror Coppos a Area of triangle ABC = 1 x beasex height - 1 x 297x (

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Suppose that a Supply curve is given by Qs = 38 + 3P, and P* =...

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Consider the following supply and demand functions qD = 12 - 3p qS = -3 +...

Suppose that a demand curve is given by Qd = 144 - 3P, and P* =...

17. Demand and Supply curves can be represented by: Qd = 90-2P; and Qs = 3P....

1. Given supply curve: P= 50; and demand curve: P= 150 - A. Calculate the consumer...

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1. Given supply curve: P-5Q; and demand curve: P- 150- Q А. Calculate the consumer surplus...

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Suppose that a Supply curve is given by Qs = 38 + 3P, and P* =...

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Add Answer to: Suppose that a Supply curve is given by Qs = 38 + 3P, and P* =...

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