Suppose the demand function for a product is x thousand units per week and the corresponding...
Suppose the demand function for a product is x thousand
units per week and the corresponding wholesale price, in dollars,
is
p=sqrt(−9x+174)
Determine the consumers' surplus if the wholesale market price is
set at $8 per unit.
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Suppose the demand function for a product is x thousand
units per week and the corresponding...
Consumers' Surplus The demand function for a certain make of replacement cartridges for a water purifier...
Consumers' Surplus The demand function for a certain make of replacement cartridges for a water purifier is given by the following equation where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. p - -0.01x? -0,3x + 41 Determine the consumers' surplus if the market price is set at $1/cartridge (Round your answer to two decimal places.) $ 0.16 X Need Help? Read it Talk to a Tutor...
The demand function for a certain brand of CD is given by the following equation where...
The demand function for a certain brand of CD is given by the following equation where is the wholesale price in dollars and x is the quantity demanded each week, mesured in units of a thousand p=-0.01 -0.22+19 Determine the consumers' surplus if the wholesale market price is set at 51/disc. Round your answer to two decimal places) $ 1,860,000 00 X Need Help?
The demand function for a certain brand of CD is given by p--00-02 where p is...
The demand function for a certain brand of CD is given by p--00-02 where p is the wholesale unit price in dollars and is the quantity demanded each work, measured in units of a thousand. The supply function is given by p=0.01.x+4 Where is the unit wholesale price in dollars and stands for the quantity that will be made available in the market by the per measured in units of thousand. Determine the producere's the wholesale market price is set...
The demand function for a certain model of Blu-ray player is given by p = 900 0.5x + 2 wh...
The demand function for a certain model of Blu-ray player is given by p = 900 0.5x + 2 where p is the unit price in dollars and x (in units of a thousand) is the quantity demanded per week. What is the consumers' surplus if the selling price is set at $300/unit? (Round your answer to the nearest dollar.)
The management of the Titan Tire Company has determined that the quantity demanded x of their Sup...
The management of the Titan Tire Company has determined that the quantity demanded x of their Super Titan tires/week is related to the unit price p by the relation p-172-x where p is measured in dollars and x is measured in units of a thousand. Titan will make x units of the tires available in the market if the unit price is p- 76+3 dollars. Determine the consumers surplus and the producers' surplus when the market unit price is set...
(2 points) Suppose D(g)-1932 and S(12q+1 are the demand and supply functions for a particular com...
Thank you so much!
(2 points) Suppose D(g)-1932 and S(12q+1 are the demand and supply functions for a particular commodity. That is, q thousand units of the commodity will be demanded (sold) at a price of p D() dollars per unit, while q thousand units will be supplied by producers when the price is p S(q) dollars per unit. a. Find the equilibrium price Po where supply equals demand Answer: Po dollars per unit b. Compute the consumers' surplus at...
Consumers' and Producers' Surplus The quantity demanded X (in units of a hundred) of the Sportsman...
Consumers' and Producers' Surplus The quantity demanded X (in units of a hundred) of the Sportsman 5 x 7 tents, per week, is related to the unit price p (in dollars) by the relation p = -0.1x2 - x + 40. The quantity (in units of a hundred) that the supplier is willing to make available in the market is related to the unit price by the relation p = 0.1x2 + 4x + 10. If the market price is...
The management of the Titan Tire Company has determined
The management of the Titan Tire Company has determined that the quantity demanded x of their Super Titan tires/week is related to the unit price p by the relation p = 164-x2 where p is measured in dollars and x is measured in units of a thousand. Titan will make x units of the tires available in the market if the unit price is p = 68+1/2x2 dollars. Determine the consumers' surplus and the producers' surplus when the market unit price is set at...
The Demand and Supply functions, D (a) and S(9), for a particular commodity are given. Specifically,...
The Demand and Supply functions, D (a) and S(9), for a particular commodity are given. Specifically, thousand units of the commodity will be demanded (sold) at a price of p= D (a) dollars per unit, while a thousand units will be supplied by producers when the price is p = S(q) dollars per unit. Find the consumers' surplus and the producers' surplus at equilibrium. D(q) = 65 - q'; $(a) = 12 + 2q + 5 O CS - $144,000;...
The demand function for Product X is Qd = 100 – 2P and its supply function is Qs = -20 + P where P is the price of Product X in dollars while Qd is the quantity demanded and Qs is the quantity supplied (both expressed in thousands of units).
Part 2 The demand function for Product X is Qd = 100 – 2P and its supply function is Qs = -20 + P where P is the price of Product X in dollars while Qd is the quantity demanded and Qs is the quantity supplied (both expressed in thousands of units). Part 1What are the equilibrium price and quantity? (3 points)What is the consumer surplus in the market for Product X? (2 points)What is the producer surplus in the market...
Consumers' Surplus The demand function for a certain make of replacement cartridges for a water purifier is given by the following equation where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. p - -0.01x? -0,3x + 41 Determine the consumers' surplus if the market price is set at $1/cartridge (Round your answer to two decimal places.) $ 0.16 X Need Help? Read it Talk to a Tutor...
The demand function for a certain brand of CD is given by the following equation where is the wholesale price in dollars and x is the quantity demanded each week, mesured in units of a thousand p=-0.01 -0.22+19 Determine the consumers' surplus if the wholesale market price is set at 51/disc. Round your answer to two decimal places) $ 1,860,000 00 X Need Help?
The demand function for a certain brand of CD is given by p--00-02 where p is the wholesale unit price in dollars and is the quantity demanded each work, measured in units of a thousand. The supply function is given by p=0.01.x+4 Where is the unit wholesale price in dollars and stands for the quantity that will be made available in the market by the per measured in units of thousand. Determine the producere's the wholesale market price is set...
The management of the Titan Tire Company has determined that the quantity demanded x of their Super Titan tires/week is related to the unit price p by the relation p-172-x where p is measured in dollars and x is measured in units of a thousand. Titan will make x units of the tires available in the market if the unit price is p- 76+3 dollars. Determine the consumers surplus and the producers' surplus when the market unit price is set...
Thank you so much!
(2 points) Suppose D(g)-1932 and S(12q+1 are the demand and supply functions for a particular commodity. That is, q thousand units of the commodity will be demanded (sold) at a price of p D() dollars per unit, while q thousand units will be supplied by producers when the price is p S(q) dollars per unit. a. Find the equilibrium price Po where supply equals demand Answer: Po dollars per unit b. Compute the consumers' surplus at...
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