Find the Gini Index for each of the following Lorenz curves.
Using the supply and demand curves in Exercises 48 and 49, find the market surplus up to equilibrium.
Exercise 48
Find the consumer surplus for p = D(q)= −0.035q + 24.5 if p = $18.
Exercise 49
Find the producer surplus for p - S(q) = 12e0.0025q if q = 425 units.
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