Find the producer's surplus at market equilibrium for a product if its demand function is p=49-x2 and
Question:
Find the producer's surplus at market equilibrium for a product if its demand function is p=49-x2 and its supply function is p=4x+4. In the following equation p is in dollars and x is the number of units.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
49x 2 4x4 0x 2 4x45 ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Calculus questions
-
Find the producer's surplus at market equilibrium for a product with demand function p=12 /(x+1) and supply function p= 1+0.2x. In the following equation p is in dollars and x is the number of units.
-
Find the producer's surplus at market equilibrium for a product with demand function p=110-x2 and supply function p=2-6/5 x+1/5 x2. In the following equation p is in dollars and x is the number of...
-
Find the producer's surplus at market equilibrium for Problem 44. The demand function for a product under pure competition is p = 64 - 4x, and the supply function is p=x-1, where x is the number of...
-
List all types of bonding present in the compound CaCO3. List all types of bonding present in the compound CaCO3. I. ionic bond II. polar covalent bond III. nonpolar covalent bond A. I only B. II...
-
A man of mass m1 stands on the edge of a horizontal uniform disc of mass m2 and radius R which is capable of rotating freely about a stationary vertical axis passing through its centre. At a certain...
-
Suppose that over two balance sheet dates there was an: Increase in Non-Cash assets $ 110 Increase in Liabilities 400 Increase in Equity 225 What was the change in Cash?
-
Your product is clearly not as good as the competition. The customer has been loyal to your company for years, but you will not come out with a replacement of your existing equipment for at least a...
-
Virtual Campus (VC) is a social media firm that specializes in creating virtual meeting places for students, faculty, staff, and others associated with different college campuses. VC was started as a...
-
What strategies can be employed to enhance visibility and traceability across global supply chains, ensuring compliance with stringent regulatory frameworks and mitigating risks associated with...
-
Bob purchased a property for $6,500,000 at a 5.50% cap rate. At the time of purchase, there were 15 years remaining on the lease with 7.50% rent increases every 5 years. Bob purchased the above...
-
Find the producer's surplus at market equilibrium for a product if its demand function is p=81-x2 and its supply function is p=x2+4x+11. In the following equation p is in dollars and x is the number...
-
The demand function for a certain product is p=144-2x2 and the supply function is p=x2+33x+48. Find the producer's surplus at the equilibrium point. In the following equation p is in dollars and x is...
-
Discuss whether the comments of John McCormack that were quoted in Section 12.2 involve any behavioral issues.
-
The Northeastern Corporate Institute of Technology (NCIT), a profit-oriented corporation engaged in nuclear research projects, owned and operated an experimental station in a remote region of Alaska....
-
What is the difference between an order for relief and an automatic stay ?
-
One of the primary money-making operations that that the NFL has engaged in over the years has been the merchandising of goods, such as ball caps, jerseys, t-shirts, and so on, all of which bear the...
-
Discuss the implications of the unique characteristics of services for the marketing activities of services enterprises.
-
Outline the benefits and challenges associated with using influencer marketing. Highlight some of the main social media influencers relevant to your market, age group and interests. Assess the extent...
-
Find AB and BA for the following matrices. Matrix B acts as the multiplicative _____________ element for 2 2 square matrices. /- and B = 1 ||
-
Refer to the Conservation Ecology (Dec. 2003) study of the causes of forest fragmentation, presented in Exercise 2.166 (p. 97). Recall that the researchers used advanced high-resolution satellite...
-
What can you say about the solutions of the equation y = x2 + y2 just by looking at the differential equation?
-
What is a separable differential equation? How do you solve it?
-
What is a first-order linear differential equation? How do you solve it?
-
If Olivia is single and in the 24 percent tax bracket, and she sold stock for $12,000 that she purchased for $10,000, 9 months earlier. What should her tax expense be in 2018?
-
what current trends at HP computer and electronics company should an investor review?
-
Detail the matters to which you would pay particular attention in obtaining the required knowledge of the business and in developing your audit plan for the year ended 31 January 2013. (10 marks)
Study smarter with the SolutionInn App