Question

(10 points) consider the functions Rxx and ox) 30-32 (a) Sketch the graphs of 18x) and oix). Find the intersection points, b) Find the area of the region enclosed by and o ) dollars per widget, and the fixe 1 points) The marginal cost to produce widgets at a production level of x widgets is CY) - Se 0.00 (10 points) Calculate the producers' Surplus if the supply equation is p +291/3 and the unit price is set at p - 13 Recall that the Producers' Surplus is defined as PS /D S(a) do Submit Assignment Save Assignment Progress Home My Assignments Request Extension Type here to search G H

Answer 1

(-3,9) (3,9) + ∞ ra f () = 22 N g(x) = 36 – 3x?

I (12) f(x)=x² g) = 36-32² @ Intersection point falagay 2²= 36-30² 42²=36 2=367459 (n=t3 -- point of intersection at (25-3,3 6 Area enclosed by f(x) Aglie) is of the region Area = [ (gw) -f(u) dhe A = 5*66-32-2)da A = }(96-tiede 1+(86)-9 (0) – (349-4 (] Area is (A = 144 square units (3 Given marginal cost = d'a) z 5€0.0012 Sca) du= (66) = 15eooolada = 520.0012 -te -0.001 5000 ē 0.0012 +C / . Fixed cost function is 1 CCX

© given Supply equation p= 7+23 (s@)) given zenit price o = 13. 13=4+298 62293 244-633 (2=39=27) producer's Surplus (PS) - SP - $(2) dq P = 77 29 D13 2=27 139- producers suples (63) = 5105-(4+%de = 194-4- 1 = 64-9e to je to 5 (6(24) - (23(0-)) = 162 – 249 | -producent supus is (P5) = ora 101.85 dollars.