Find producer's surplus at the market equilibrium point if supply function is p= 0.7x+12 and the demand function is p= 164.7/x

Q: If consumption is $5 billion when disposable income is $0, and if the marginal propensity to consume…

A: Given: consumption = $5 billion disposable income = $0 marginal propensity to consume = 0.60…

Q: Consider the price-demand equation given by p=6,000−x/ 1,200. For which value of p is the elasticity…

A: P = (6,000 - X) / 1,200Hence, X = 6,000 - 1,200PdX / dP = -1,200

Q: Solve the problem. 23) Find a company's total-cost function if its marginal cost function is C'(x) =…

A:

Q: If consumption is $6 billion when disposable income is$0, and if the marginal propensity to consume…

A: Since we have a marginal propensity to consume is dCdy=y+1-0.5+0.4. Also, if the consumption is $6…

Q: Joe runs a carwash stand and finds out quickly that for this business to breakeven he needs to wash…

A: The number of cars need to be wash is 10 and the washing price per car is $5.The total washing cost…

Q: If consumption is $7 billion when disposable income is $0, and if the marginal propensity to consume…

A: It is given that the consumption is $7 billion when disposable income is $0 and marginal propensity…

Q: 1. If consumption is $6.3 billion when disposable income is 0, and if the marginal propensity to…

A:

Q: 2. A company manufactures x HD TVs per month. The monthly marginal profit is given by P'(x)…

A: The  monthly marginal profit function is By integrating, we get

Q: Given the demand function p=20-0.0002x and x=30 , What is the price elasticity of demand at x=30?

A: The given function                      p=20-0.0002x

Q: If worldwide annual sales of smartphones in 2014-2016 were projected to be approximately q-3p+1,642…

A:

Q: Suppose that the price p of a product and its demand x are related through the price-demand equation…

A: To find the region for which the demand function is elastic.

Q: The demand for a particular item is given by the demand function D(x) = 1100 - x² %3D Find the…

A:

Q: The supply function for a product is 2p − q − 50 = 0, while the demand function for the same product…

A:

Q: If a demand curve is given by y = 50 −.02x  where x is the price in dollars, and y is the sales of…

A: Given demand curve is  y=50-0.02x where x is the price in dollars, and y is the sales of Really Big…

Q: Find producer's surplus at the market equilibrium point if the supply function is p = lq + 4 and the…

A:

Q: if demand curve is p=500-4q. What is the value of marginal revenue when q=20

A:

Q: 12) Find the elasticity of demand when the price is 20 for the demand function 10x + 2p = 100

A: 12. The given demand function is 10x + 2p = 100 To find demand for price 20   13. Given y = 5x2 To…

Q: If worldwide annual sales of smartphones in 2014-2016 were projected to be approximately q=-3p+1,389…

A: Given: q=fp=-3p+1,389, where p is the selling price in dollars.

Q: How would I find a cost function if only given the fixed cost and variable cost?

A: Cost function is obtained by the sum of fixed Cost and variable cost

Q: If thẻ demand equation for a product is p= 400 – q² and the supply equation for a product is p = 20q…

A:

Q: If consumption is $5 billion when disposable income is $o, and if the marginal propensity to consume…

A:

Q: Suppose that in a certain market the demand function for a product is given by 10p + q = 2,100 and…

A: Given demand function for a product is 10p+q=2100 and the supply function is 50p-q=1250 The…

Q: Determine the point elasticity n of the demand equation 3p2q=5000+2000p2 when p=50.

A: Point elasticity of demand = n

Q: calculate the consumers Surplos at the ndicated unit price P for the demand equation 13

A: Given that: Price, p=12-2q1/3 and p=8

Q: 4. If consumption is $s.8 billion when disposable income is $0, and if the marginal propensity to…

A:

Q: What is the consumer surplus when the inverse demand curve is defined by P=1000-((Qd)^3) and the…

A: To find the equilibrium quantity level is 4

Q: The supply function for a product is  2p − q − 30 = 0,  while the demand function for the same…

A:

Q: The demand for widgets is Q = 20/p. When p=4, the price elasticity of demand . dQ_P is equal to: dp…

A:

Q: A manufacturer of a new patented product has found that he can sell 70 units a week to the customer…

A: Given problem is : A manufacturer of a new patented product has found that he can sell 70 units a…

Q: Find the demand function p, given the marginal-revenue function dr/dq below. dr = 269 – 9q - 1.29 dq…

A: Here, the given marginal revenue function is: drdq=269-9q-1.2q2...(1) where r is the revenue…

Q: Suppose the demand function D(x) = – 3x+7 and supply function S(x) =2x+2. Find consumer surplus at…

A:

Q: Find the present value of a continuous stream of income over 4 years when the rate of income is…

A: Given, Rate of income per year is $35000. Interest rate is 4%. Here we shall use the formula for…

Q: If worldwide annual sales of smartphones in 2014-2016 were projected to be approximately q=-4p+1,521…

A: Solve the following

Q: If worldwide annual sales of smartphones in 2014-2016 were projected to be approximately q=-5p+1,077…

A: Given that the annual sales was approximated by q=-5p+1077. We need to find the price elasticity of…

Q: If the fixed cost function is $3000 weekly, how do I find the cost function? given(x=0)

A: Given  Integrating both sides, we get where d is constant of integration.

Q: Find the present value of a continuous stream of income over 4 years when the rate of income is…

A: I have appended the formula used in the solution part of the question.

Q: If consumption is $4.7 billion when income is $1 billion and if the marginal propensity to consume…

A: Given Data: The consumption when income is $1 is: C1=$4.7 billion The equation of marginal…

Q: 5. If consumption is $3 billion when disposable income is $O, and if the marginal propensity to save…

A:

Q: Consider the price-demand equation given by 6,000 – x 1, 200 For which value of p is the elasticity…

A:

Q: Suppose that the marginal propensity to consume is dc - 0.2 - e-2y (in billions of dollars) dy and…

A: dCdy=0.2-e-2y

Q: A manufacturer has a monthly fixed cost of $60,000 and a production cost of S10 for each unit…

A: The total cost for producing a good is the sum of fixed and variable cost. That is if b is the fixed…

Q: The marginal cost per day of producing x gadgets is C'(x)=3.15+0.004x dollars per gadget. What is…

A: to find:- total cost of production of 800 gadgets.

Q: price

A: At Equilibrium, Demand = Supply,

Q: Suppose the demand function for a product is p(x)=400−(1/10000)x^3. If the price is set at 300, what…

A: p(x)=400−(1/10000)x^3 when x = 0 p = 400 When p* = 300; let's say x = x* then 300 = 400 -…

Q: 13. Determine the elasticity whenp= 3, given price-demand equation p* + 2x = 1200 %3D

A:

Q: 7. Find the price per unit p that produces the maximum profit given

A:

Q: 4. If the marginal cost of a firm is 15e** and the fixed cost is 85, find the total cost function.…

A: We will find out the required values.

Q: How does time-period or length of run affects the behavior of the supply function?

A: Answer:

Q: Suppose that the spot price of copper is $3.25 per pound, the continuously compounded lease rate for…

A: Given: Suppose that the spot price of copper is $3.25 per pound, the continuously compounded lease…

Q: The monthly demand function for x units of a product sold by a monopoly is  p = 6400 − 1/2x2…

A: