Find producer's surplus at the market equilibrium point if the supply function is p = lq + 4 and the demand function is p = q+5 Producer's surplus =

Q: A company has found that the marginal cost​ (in thousands of​ dollars) to produce x central air…

A: Definition used-                    A cost function is integral to the marginal cost function.…

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: If variable costs increase, but price and fixed costs are held constant, the break even point will…

A:

Q: Assume that it costs a manufacturer approximately C(x) = 1,058,000 + 340x + 0.0005x2 dollars to…

A:

Q: Suppose the daily total cost (in dollars) of manufacturing x televisions is…

A: Given,      C(x)=0.0004x3-0.06x2+190x+7000                        ...(1)

Q: Find the cost function for marginal cost function. C′(x) = 3x - 1, fixed cost is $3

A: C′(x) = 3x - 1, fixed cost is $3

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: Suppose the supply-demand equations for a logo sweatshirt in a particular week are p-55-0.10q for…

A: Given: Demand function: p=55-0.10q   ……1   Supply function: p=25+0.20q   ……2

Q: Suppose a company manufactures MP3 players and sells them to retailers for $98 each. It has fixed…

A: Topic:- cost and marginal function

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: The monthly demand function for x units of a product sold by a monopoly is p = 5600 –- x2 dollars,…

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: Suppose a company wants to introduce a new machine that will produce a marginal annual savings in…

A:

Q: When a wholesaler sold a product at $30 per unit, sales were 186 units per week. After a price…

A:

Q: 3. The cost (in pesos) of producing x toys is given by x² + 100x + 2000, while the price (in pesos)…

A:

Q: Find the cost functio

A: Given Marginal cost function And Fixed cost $2 that is

Q: Suppose the supply curve for a certain brand of smartwatches is given by q = 0.06p + 255 and the…

A: Given: The supply curve of a certain brand of smart watches is q = 0.06 p + 255. The demand curve is…

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: a 60 room hotel is filled to capacity every night at a rate of $40 per room. the management wants to…

A:

Q: The monthly demand function for x units of a product sold by a monopoly is p = 5,900 – x dollars,…

A: Since you have posted a question with multiple sub parts. We will solve the first three sub parts…

Q: Hi, please help me, thank you  If the supply and demand functions for a commodity are given  p -…

A:

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

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: Find the cost function for marginal cost function. C′(x) =  0.2x2 + 5x;     fixed cost is $10

A: the cost function can be archived by simply integrated the marginal cost function so we write the…

Q: Suppose that one factory inputs its goods from two different plants, A and B, with different costs,…

A:

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

A:

Q: The Metropolitan Company sells its latest product at a unit price of $8. Variable costs are…

A: Selling price of the latest product is $8 Fixed cost = $7800 per month Let the number of units sold…

Q: The price elasticity of supply for bananas is 0.2. If the price rises by 5%, what will happen to the…

A: Price elasticity of supply= (% change in quantity supplied)/ (% change in price)

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

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: With fixed costs of Ksh. 400,000, a firm has average total costs of Ksh. 3,000 and average variable…

A: Average total cost= Average fixed cost + Average variable cost

Q: Company A is currently producing 25 units and their marginal profit function is 120 - . Find the…

A: Given: MP(x)=120−45xP(25)=3000

Q: The monthly demand function for x units of a product sold by a monopoly is p = 5,200 - dollars, and…

A: Revenue=p.q TC=AC.q p is price , q is quantity.

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

A:

Q: If the demand equation for an item is D(x)= -5x+ 80 and a supplier is willing to supply 10 items at…

A: The demand equation for an item is D(x)=-5x+80. It is given that, a supplier is willing to supply 10…

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: 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: Find the consumer surplus for the demand curve P = 420 – 10q when g * = 20 items are sold at the…

A:

Q: Until recently, hamburgers at the city sports arena cost $2.50 each. The food concessionaire sold an…

A: Given :           Cost function :                  To obtain cost function, add fixed cost and…

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

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

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

A: The supply and demand function are  2p-q-30=0              ⋯⋯1p+10 q+30=6000  ⋯⋯2   Substitute…

Q: Suppose that the total revenue function for a commodity is  R(x)=25x-0.5x^2 a. Find the x…

A:

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

A: Answer:

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

A: Given, Demand function 10p + q = 2,100   ---(i) Supply Function 50p − q = 150. Tax Levied=$3 per…

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

A: