If the supply function for x units of a commodity is p = 30 + 100 ln
Question:
If the supply function for x units of a commodity is p = 30 + 100 ln (2x + 1) dollars, what is the producer’s surplus at x = 30?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
At x 30 we have p 30 100 In 61 44109 ...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Mathematics questions
-
If the supply function for x units of a commodity is p=40+100 ln (x+1)2 dollars, what is the producer's surplus at x=20?
-
If the supply function for x units of a commodity is p=30+50 ln (2x+1)2 dollars, what is the producer's surplus at x=30?
-
Suppose the supply function for x units of a certain lamp is given by p = 0.02x + 50.01 - 10 / x2 + 1 Where p is in dollars find the producer's surplus if the equilibrium price is $70 and the...
-
What do you believe is the most challenging aspect of using the economic analysis workbook? Briefly describe the challenge and any suggestion you have to reduce the challenge.
-
A computer whose processes have 1024 pages in their address spaces keeps its page tables in memory. The overhead required for reading a word from the page table is 5 nsec. To reduce this overhead,...
-
An initial investment of \(\$ 22,500\) results in independent annual receipts of \(\$ 6,250\) until the end of the project life. The probability distribution for the project's life is shown in the...
-
Calculate the inductance of a 2000 -winding cylindrical solenoid that is \(0.20 \mathrm{~m}\) long if the radius of each winding is \(0.030 \mathrm{~m}\).
-
City Hospital, a nonprofit organization, estimates that it can save $ 28,000 a year in cash operating costs for the next 10 years if it buys a special-purpose eye-testing machine at a cost of $...
-
Question two (20mks) Building Societies Act is a well structured and balanced Organism that spells out different functions. Identify and describe the organization and management of building society...
-
You want to park your bicycle in a bicycle parking area where bike racks are aligned in a row. There are already N bikes parked there (each bike is attached to exactly one rack, but a rack can have...
-
In Problem, use integration by parts to evaluate. re/2 6 In (2x) dx /0.5
-
If the Lorenz curves for years a and b are given by La(x) and Lb(x), respectively, then from year a to year b, the change in the Gini coefficient (Gb - Ga) is given by In Problem, complete the...
-
What are the costs of renting a home?
-
The following information shows ABC co . . accounting records: Retained earnings, 1 / 1 / 2 0 2 0 1 / 1 / 2 0 2 0 $ 5 0 , 0 0 0 5 0 , 0 0 0 Advertising expense 1 , 5 0 0 1 , 5 0 0 utilities expense 2...
-
150 users signed up for a free account in your app in January 2023. Among those: 20 purchased a premium account in January 2023 10 purchased a premium account in February 2023 5 purchased a premium...
-
Do a trace of the following algorithm with n = 0, n = 2 and n = 4. What does the algorithm seem to be doing? Input: n Output: out Algorithm MYSTERY out 1; [n is a nonnegative integer] [out will be...
-
Consider a single-rank memory system that has a capacity of 8GBytes and is comprised of 16 banks. Assume that each row in each bank has a capacity of 4Kbytes. Each row must be refreshed once in every...
-
Convert the following numbers as specified: a. (11 10 0101.1101): ( )10 b. (101100101.11001): ( )16
-
The Magna International Inc. financial statements for the year ended December 31, 2011, can be found on SEDAR (www.sedar.com). Instructions (a) The company has many different types of shares...
-
How do individual companies respond to economic forces throughout the globe? One way to explore this is to see how well rates of return for stock of individual companies can be explained by stock...
-
For the five top-grossing animated films of all time, the data in the table show gross ticket sales during the initial 2 weeks compared to total gross sales. Given these data, determine the...
-
For the highest-ranking law firms in terms of profit per partner, data file XR15012 lists the number of partners in each firm, along with the profit/partner for the reporting year. Given these data,...
-
Is it possible for the standard error of estimate to be equal to zero? If so, under what circumstances?
-
(10 pts) Bean & Bean operates 207 fashion specialty retail stores in 28 states. The company's actual data for its fiscal year ended September 29, 2017 (in millions of dollars): $5,825 Assets,...
-
Why are department meetings important? What are the skills I learn from department meetings? What further reading should be done to improve meeting skills?
-
The purpose of an accounting system analysis is to develop a user-oriented system that will meet the needs of the organization over the long term. Which of the would have a direct impact on an...
Study smarter with the SolutionInn App