Given the demand curve p = 35 q 2 and the supply curve p = 3
Question:
Given the demand curve p = 35 − q2 and the supply curve p = 3 + q2, find the producer surplus when the market is in equilibrium.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
To calculate the producer surplus we need to find the market equilibrium price p and quantity q In ...View the full answer
Answered By
Gabriela Rosalía Castro
I have worked with very different types of students, from little kids to bussines men and women. I have thaught at universities, schools, but mostly in private sessions for specialized purpuses. Sometimes I tutored kids that needed help with their classes at school, some others were high school or college students that needed to prepare for an exam to study abroud. Currently I'm teaching bussiness English for people in bussiness positions that want to improve their skills, and preparing and ex-student to pass a standarized test to study in the UK.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Applied Calculus
ISBN: 9781119275565
6th Edition
Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale
Question Posted:
Students also viewed these Mathematics questions
-
In a purely competitive market, the price of a good is naturally driven to the value where the quantity demanded by consumers matches the quantity made by producers, and the market is said to be in...
-
Return again to the foam finger question of last week. Recall that the market for giant foam fingers is very competitive and the cost of one firm is given by C(q) = q2 10q + 64.All firms are...
-
Wallace and Brace CPA assign a partner to screen and recommend (or decline) potential clients prior to acceptance. Discuss at least 4 specific issues which should have been considered prior to...
-
Two thousand kg of water, initially a saturated liquid at 150C, is heated in a closed, rigid tank to a final state where the pressure is 2.5 MPa. Determine the final temperature, in C. the volume of...
-
Deelux manufactures paint. The company charges the following standard unit costs to production on the basis of static budget volume of 30,000 cans of paint per month: Direct...
-
Two blocks A and B, each of mass m, are supported as shown by three springs of the same constant k. Blocks A and B are connected by a dashpot and block B is connected to the ground by two dashpots,...
-
Indicate the form and timing of confirming securities held by outside custodians.
-
You have just been assigned as in-charge accountant on HipStar, Inc. a new audit client in the recording industry. HipStar is an emerging growth company that finds new recording artists, records...
-
a B 0 b A Note: Triangle may not be drawn to scale. Suppose a 168 and 6 = 95. Find an exact value (report answer as a fraction). You will need to determine the length of the missing side first....
-
Find the integrals in Problems. pe pe-0.1p dp
-
Decide if the function is an antiderivative of f(x) = 2e 2x . F(x) = xe 2x
-
What types of content can be used on a media sharing site? What factors should be considered when developing content for a media sharing site?
-
3)[3] For raindrops with the diameter of D = 0.5 mm the linear and quadratic drag forces are comparable. Calculate the terminal speed for such raindrops, if the drag force is given by f = Dv + D2v2...
-
Lawler's BBQ has sales of $ 3 1 1 , 8 0 0 , a profit margin of 3 . 9 percent, and dividends of $ 4 , 5 0 0 . What is the plowback ratio?
-
The block of M = 5 kg , modeled as a particle, rests on the inclined surface that makes an angle of \t heta with the horizontal ground. The static friction coefficient between the block and the...
-
A stock will pay a yearly dividend of $ 1 . 8 , expected to grow by 3 . 3 % per year forever. If the stock is currently priced at $ 4 5 , what is the prevailing market rate of return?
-
Identify a common joint injury and explain a treatment for improving range of motion at the site of injury during recovery. Dislocations are common joint injury that an affect the shoulder, hip,...
-
What is a problem audit?
-
Ex. (17): the vector field F = x i-zj + yz k is defined over the volume of the cuboid given by 0x a,0 y b, 0zc, enclosing the surface S. Evaluate the surface integral ff, F. ds?
-
Perform the test mentioned in Problem 10.95, and report a two-tailed p-value. What is your conclusion regarding the effectiveness of the undiluted in contrast to the 1:100 diluted vaccine? A more...
-
What test procedure can be used to assess whether the weight status of boys significantly differs from girls? Health Promotion It is fairly well known that perception of weight by adolescents does...
-
Perform the test procedure in Problem 10.97, and provide a two-tailed p-value? Health Promotion It is fairly well known that perception of weight by adolescents does not always agree with actual...
-
Med Max buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to dozens of hospitals. In the face of declining profits, Med Max decided to implement an...
-
Calculate the mean absolute percentage error ( MAPE ) for the cost equation you developed in requirement 1 . ( Input your final answer as a percentage rounded to 1 decimal place ( i . e . , . ...
-
Using arrows, draw the Free-body Diagram as seen in picture 1 TranscribedText: Book is at rest on top of the table. Net Force=0 Object remains at rest Fn Fg Skydiving (Kenneth, Sean, James, Ryan)...
Study smarter with the SolutionInn App