Find the producers surplus at a price level of P = $67 for the pricesupply equation
Question:
Find the producers’ surplus at a price level of P ̅ = $67 for the price–supply equation
p = S(x) = 10 + 0.1x + 0.0003x2
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
To find the producers surplus at a price level of P 67 we need to identify ...View the full answer
Answered By
Aricayos Apple
I'm a highly professional tutor and academic freelancer , with over 5 years of experience. I became one of best tutors in Chegg tutoring community and Course Hero having high helpful rate. I love helping students understand Business courses related, as it is my passion to tutor and and help students understand these amazing subjects as attached in my skills. I am also an expert on the subject of history related subjects since at one point had handled these subjects. I also have a bachelor's degree in bachelors of science in Business Administration from City of Malabon University in Philippines. I am currently working on getting a master's degree in the field Business Administration from City of Malabon University. Meanwhile, you can learn how to solve complex problems consistently with me.
0.00
0 Reviews
10+ Question Solved
Related Book For
College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
Question Posted:
Students also viewed these Mathematics questions
-
Find the consumers surplus at a price level of p = $150 for the pricedemand equation p = D(x) = 400 - 0.05x
-
Find the consumers' surplus at a price level of = $ 120 for the price-demand equation p=D(x)= 200 - 0.02 x
-
Find the producers' surplus at a price level of $55 for the price-supply equation p=S(x) =15 + 0.lx+0.003x 2
-
Carey Company is borrowing $200,000 for one year at 12 percent from Second Intrastate Bank. The bank requires a 20 percent compensating balance. What is the effective rate of interest? What would the...
-
Starting from equilibrium in the specific-factors model, suppose the price of manufactured goods falls so that wages fall from W to W in Figure 3-5. a. Show that the percentage fall in the wage is...
-
Use the following data to construct 80%, 94%, and 98% confidence intervals to estimate . Assume that is 7.75. State the pointestimate. 44 37 49 30 56 48 53 42 51 38 39 45 47 52 59 50 46 34 39 46 27...
-
Suppose that the price received for gold extracted from time \(k\) to \(k+1\) is the average of the price of gold at these two times; that is, \(\left(g_{k}+g_{k+1} ight) / 2\). However, costs are...
-
For the following purchases of merchandise, determine the amount of cash to bepaid: Total Invoice Cr Credit Terms Amount of Freight Ivice Returs andDate PurchaseDate Purchase Charges Amount...
-
315 g of a solution has a volume of 4.2 L. 5 L of this solution sells for $9.29. At these rates, what mass of the solution can we buy with $120? a. (1/10 marks) List the unknown quantity name,...
-
An ISP is granted the block 16.12.64.0/20. The ISP needs to allocate addresses for 8 organizations, each with 256 addresses. a. Find the number and range of addresses in the ISP block. b. Find the...
-
In Problem find the constant c (to two decimal places) such that the Lorenz curve f (x) = x c has the given Gini index of income concentration. 0.63
-
In Problem use absolute value on a graphing calculator to find the area bounded by the graphs of the equations over the given interval. Compute answers to three decimal places. y = ln x; y = -1 + x;...
-
During production, how are the costs in process costing accumulated? A. To cost of goods sold B. To each individual product C. To manufacturing overhead D. To each individual department
-
What condition must be met when entering transactions on the balance sheet?
-
Critique this statement: The use of debt financing lowers the net income of the firm, so debt financing should be used only as a last resort.
-
What is a post-audit?
-
What is the effect of the collection of a receivable on a businesss equity account?
-
For any given firm, can the CCC be used as the hurdle rate for all projects under consideration? Explain your answer.
-
Parallel light of wavelength l strikes a slit of width a at normal incidence. The light is viewed on a screen that is 1.0 m past the slits. In each case that follows, sketch the intensity on the...
-
Compile data on consumption and expenditures for the following categories in 30 different countries: (1) food and beverages, (2) clothing and footwear, (3) housing and home operations, (4) household...
-
Twenty-five samples of size 5 are drawn from a process at one-hour intervals, and the following data are obtained: (a) Calculate trial control limits for XÌ and R charts. (b) Repeat part (a)...
-
Control charts are to be constructed for samples of size n = 4, and xÌ and s are computed for each of 20 preliminary samples as follows: (a) Calculate trial control limits for XÌ and S...
-
Samples of size n = 6 are collected from a process every hour. After 20 samples have been collected, we calculate x = 20.0 and r / d 2 = 1.4. (a) Calculate trial control limits for X and R charts....
-
A 0.55 kg block of ice is sliding by you on a very slippery floor at 3.5 m/s. As it goes by, you give it a kick perpendicular to its path. Your foot is in contact with the ice block for 0.0035...
-
Write a script called ChangeExtensions that accepts two file name extensions as arguments, and renames all files with the first extension to have the second extension. For example, Change Extensions...
-
Write an HTML document that draws the trapezoid (a rectangle that is wider on one side) below in Canvas. (30,30) 50 50 70
Study smarter with the SolutionInn App