If the demand function for a good is p=110-x2 and the supply function for it is p=2-6/5

Question:

If the demand function for a good is p=110-x2 and the supply function for it is p=2-6/5 X+1/5 x2, find the consumer's surplus under pure competition. In the following equation p and C are in dollars and x is the number of units.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

See More Books

Question Posted: Feb 09, 2018 07:28 AM

See More Questions

If the demand function for a fixed period of time is given by p = 38 - 2q and the supply function before taxation is p = 8 + 3q, what tax per item will maximize the total tax revenue? p is the price...
If the demand function for wheat is p=/1500 x2+1 +4 dollars, where x is the number of hundreds of bushels of wheat, what is the consumer's surplus at x=7, p=216.13?
If the demand function and supply function for Z-brand phones are p + 2q = 100 and 35p + 20q = 350, respectively, compare the quantity demanded and the quantity supplied when p = 14. Are there...
Show that the angular wave number k for a non-relativistic free particle of mass m can be written as in which K is the particle's kineticenergy 27 V2mK k =
A uniform sphere of mass m = 5.0 kg and radius R = 6.0 cm rotates with an angular velocity = 1250 rad/s about a horizontal axle passing through its centre and fixed on the mounting base by means of...
Dashing Diva has the following costs for April. Direct labor Direct materials Factory utilities Accounting services Direct marketing $ 20,000.00 $ 15,000.00 $ 8,000.00 $ 12,000.00 $ 17,000.00...
Review the list of common closing mistakes in the chapter. Give specific examples of how each might affect your success in a sales call.
Following is a list of cost system characteristics and sample companies. Match each to either job order costing or process costing. a. Companies that produce small quantities of many different...
Research articles regarding marketing to Baby Boomers (find at least 3). (This will be your Target Market Demographics Age Range). Please be specific and find as much information as you can about...
The following expenditures related to property, plant, and equipment were made by Pascal Company: 1. Paid $400,000 for a new plant site. 2. Paid $5,000 in legal fees on the purchase of the plant...
If the demand function for a product is p=12/ (x+1) and the supply function is p=1+0.2x, find the consumer's surplus under pure competition. In the following equation p and C are in dollars and x is...
A monopoly has a total cost function C=1000+ 120x+6x2 for its product, which has demand function p=360-3x-2x2. Find the consumer's surplus at the point where the monopoly has maximum profit. In the...
Netvalley.com compiled a list of the top 100 banks in the United States according to total assets. Leading the list was Bank of America, followed by JPMorgan Chase and Citibank. Following is an Excel...
Under what circumstances might a limited liability company undergo dissolution?
Dubuque stole more than $4,000 from his employer, U-Haul. He later pled guilty to theft by unauthorized taking or transfer. The court sentenced him to pay back the stolen money. When Dubuque filed...
How is the federal funds rate determined in the market for bank reserves?
What is express authority? Implied authority? Apparent authority?
What statutory situations fall outside employment-at-will?
Answer the question. It can be shown that the following matrices are inverses. What is their product (in either order)? 0 -1 0 and 0 -1 0 -1
Reichenbach Co., organized in 2018, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2018 and 2019. Instructions...
There is considerable evidence to support the theory that for some species there is a minimum population m such that the species will become extinct if the size of the population falls below m. This...
Another model for a growth function for a limited population is given by the Gompertz function, which is a solution of the differential equation dP/dt = c In (K/P) P where is a constant and K is the...
In a seasonal-growth model, a periodic function of time is introduced to account for seasonal variations in the rate of growth. Such variations could, for example, be caused by seasonal changes in...
MR Green is one of the resident for who you take care in a nursing home .He is recovering from a stroke and has a pressure ulcer . In addition he is disoriented and confuse . However he can feed...
What does the accountability of prescriptive theory? b. What does the accountability of capture theory? c. What does the accountability of normative accounting theory? d, What does the accountability...
Describe the connections between leader accountability and how leaders hold people accountable for their actions? sustainability through accountability.

If the demand function for a good is p=110-x2 and the supply function for it is p=2-6/5

Question:

Step by Step Answer:

110x 2 265x15x 2 550 5x 2 106xx ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

Students also viewed these Calculus questions