Question: 1) Given the below functions for supply and demand: Supply:P = ln (Q3 3) Demand: P = 22e-arctan (QD) a) Find the total welfare using

1) Given the below functions for supply and demand: Supply:P =

1) Given the below functions for supply and demand: Supply:P = ln (Q3 3) Demand: P = 22e-arctan (QD) a) Find the total welfare using the market equilibrium condition (to find the equilibrium point you need to use Newton's method at some point): b) Find the equilibrium price using the welfare optimization method directly; verify whether the results from part A & B are consistence. 1) Given the below functions for supply and demand: Supply: P = In (Q3 - 3) Demand: P = 22e-arctan (QD) a) Find the total welfare using the market equilibrium condition (to find the equilibrium point you need to use Newton's method at some point): b) Find the equilibrium price using the welfare optimization method directly; verify whether the results from part A & B are consistence. 1) Given the below functions for supply and demand: Supply:P = ln (Q3 3) Demand: P = 22e-arctan (QD) a) Find the total welfare using the market equilibrium condition (to find the equilibrium point you need to use Newton's method at some point): b) Find the equilibrium price using the welfare optimization method directly; verify whether the results from part A & B are consistence. 1) Given the below functions for supply and demand: Supply: P = In (Q3 - 3) Demand: P = 22e-arctan (QD) a) Find the total welfare using the market equilibrium condition (to find the equilibrium point you need to use Newton's method at some point): b) Find the equilibrium price using the welfare optimization method directly; verify whether the results from part A & B are consistence

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