Calculate the consumers' surplus at the indicated unit price p for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.) p = 8 - 2q; p = 5
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- Calculate the consumers' surplus at the indicated unit price p for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.) p = 80 – g; p = 25 $Calculate the consumers' surplus at the indicated unit price p for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.) p = 8 - 2g; p = 5 $ 2.66 Need Help? Read ItCalculate the consumers' surplus at the indicated unit price p for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.) p = 300e−2q; p = 90
- Calculate the consumers' surplus at the indicated unit price p for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.) q = 70 − 2p; p = 101. Calculate the consumers' surplus at the indicated unit price p for the demand equation. (Round your answer to the nearest cent.) p = 20 − 2q; p = 1 2. Calculate the consumers' surplus (in dollars) at the indicated unit price p for the demand equation p = 14 − 2q1⁄3; p = 8Question Find the consumers' surplus at a price level of $8 for the price-demand equation p = D(x) = 40 – 0.4x where p is the price and x is the demand. Do not include a dollar sign or any commas in your answer.
- Calculate the producers' surplus (in dollars) for the supply equation at the indicated unit price p. (Round your answer to the nearest cent.) p = 7 + 2g p = 20 ,1/3.Must consumers' surplus equal producers' surplus at equilibrium price? please explainCalculate the producers' surplus for the supply equation at the indicated unit price p. HINT [See Example 2.] (Round your answer to the nearest cent.) p = 90 + q; p = 230
- What is the consumer surplus is you buy a 65 inch 4K tv you have wanted for $50.Suppose the following table shows your demand schedule for CDs. Price Quantity Demanded $15 1 12 9. 9:56 6. 4 (a) What is your total utility from four CDs? Total utility: $ (b) What is your marginal utility from the fourth CD? Marginal utility: $ (c) If the price is $6, how much will your consumer surplus be? Consumer surplus: $The diagram to the right illustrates a hypothetical demand curve representing the relationship between price (in dollars per unit) and quantity (in 1,000s of units per unit of time). AAPS you 100- The area of the triangle shown on the diagram is $ an integer.) 90- (Enter your response as 80- 70- 65 60- 50- 40- 30- 20- 15 10- D 25 0- 0. 75 70 10 20 30 40 50 60 80 90 100 Quantity (1,000s of units per unit of time) Price (dollars per unit)