Question: 1. Given: ( x is number of items) Demand function: d(x)=2000.5x Supply function: s(x)=0.3x Find the equilibrium quantity: Find the consumers surplus at the equilibrium
1. Given: (x is number of items) Demand function: d(x)=2000.5x Supply function: s(x)=0.3x Find the equilibrium quantity: Find the consumers surplus at the equilibrium quantity:
2.Given: (x is number of items) Demand function: d(x)=1936/x Supply function: s(x)=4/x Find the equilibrium quantity: items Find the consumers surplus at the equilibrium quantity: $
3.Given: (x is number of items) Demand function: d(x)=4500/x Supply function: s(x)=5/x Find the equilibrium quantity: items Find the producer surplus at the equilibrium quantity: $
4.Given: (x is number of items) Demand function: d(x)=247.50.5x2 Supply function: s(x)=0.6x2 Find the equilibrium quantity: Find the consumers surplus at the equilibrium quantity
5.Find the accumulated present value of an investment over a 9 year period if there is a continuous money flow of $9,000 per year and the interest rate is 1.5% compounded continuously.
6. A company is considering expanding their production capabilities with a new machine that costs $76,000 and has a projected lifespan of 9 years. They estimate the increased production will provide a constant $9,000 per year of additional income. Money can earn 1.9% per year, compounded continuously. Should the company buy the machine? $ over the life of the machine
7.Find the present value of a continuous income stream F(t)=10+7t, where t is in years and F is in thousands of dollars per year, for 10 years, if money can earn 2.2% annual interest, compounded continuously. Present value = thousand dollars.
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