Find the producers' surplus at a price level of p = $64 for the price -supply...
Find the consumers' surplus and the producers' surplus at the equilibrium price 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) = 70 -0.07%; p = S(x) = 30 e 0.001x What is the consumers' surplus, CS? CS = (Round to the nearest integer as needed. Round all intermediate steps to the nearest integer.) What is the producers' surplus, PS? PS...
Calculate the Producers' Surplus if the supply equation is p = 7+ 2q1/3 and the unit price is set at p = 13.
Find the consumers' surplus at a price level of p= $130 for the price-demand equation below. p=D(x)= 200 -0.05x What is the consumer surplus? $
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...
Find the producers' surplus if the supply function for pork bellies is given by the following. S(q) =95/2 +3q3/2 +50 Assume supply and demand are in equilibrium at q = 9. The producers' surplus is $| (Type an integer or decimal rounded to the nearest hundredth as needed.) 16 The rate at which revenue was generated (in Millions of dollars per year) før a certain company for the years 2010 through 2016 can be approximated by f(t) = 343 €...
Let the industry demand be D(p) = 100−p, and the industry supply be S(p) = p. (a) Find the equilibirum quantity and the equilibrium price (b) Draw the demand and supply on a graph. Show on this graph the equilibrium, the consumer surplus and the producer surplus. (c) Find the value of the producer surplus. (d) Find the value of the consumer surplus. Now let the government introduce a value tax of 50% paid by the producers. (e) Find the...
If the supply curve is q=2+2p, what is the producer surplus if the price is p=10? Producer surplus (PS) equals _____ (Enter your response as a whole number.)
QUESTION 3 Figure Price Supply P K I P" P B M N Demand Quantity Refer to Figure. If the government imposes a tax size of P- P" in the above market then the area L+M+Y represents a. consumer surplus after the tax. producer surplus after the tax. Cconsumer surplus before the tax. producer surplus before the tax. QUESTION 4 4 point Figure Supply Dennd Quantity Q1 02 Q3 Q Qs Refer to Figure. If the government impose a tax...
Assuming the market price of coal is p=$300 (inverse supply P=0.2Q), calculate: A. Quantity supplied B.MWTA by producers C.MC of production D. WTA by producers E. Total variable costs F. total revenue G. producer surplus
Problem 4: Competitive markets, equilibriua, and surplus. The market demand is Q-15-P, and the market supply is Q-P/2. (a) Assume that the markct is perfectly compctitive. What are the cquilibrium price and (b) Assume that the market is perfectly competitive. What is the equilibrium consumer, (c) In order to support producers by i quantity? producer, and total surplus? tion quota of Q-4 units. What will the market clearing price be? At that price, g prices, the government imposes a produc-...