The market for N-95 masks is perfectly competitive. Market Demand is given by Q=389-2P and Market Supply is given by Q=2P. The government imposes

Find the Consumer Surplus and the Producer Surplus at the equilibrium price if the price-demand (D(x)) and the price-supply (S(x)) functions are as follows: D(x)=600 0.07x S(x) = 100+ 0.03x

If the deadweight loss in the market represented by the graph is $1,400, what is the actual economic surplus? Price $150 $10 $4,200 $2,800 $5,600 $7,000 $60 Actual quantity Marginal cost Marginal benefit $95 Quantity

If total surplus is $200 and consumer surplus is $90 Find producer surplus

The market for used economics textbooks is perfectly competitive, with a market supply curve given by P = 6 + 2Q and market demand curve given by P = 42 – Q, leading to an equilibrium of P = 30 and Q = 12. If the government provides a subsidy of $12 per textbook, what will be the new market quantity? Determine the new CS and PS, the cost of the subsidy, and the amount of deadweight loss created by the policy.

Suppose the following demand and supply function: Qd = 750 – 25P Qs = -300 + 20 P  Find consumer and producer surplus

Suppose the market for a certain good is perfectly competitive and the demand is given by P=1000-Q and the supply is given by P=Q. The market is currently in equilibrium. What are the producer surplus and consumer surplus, respectively? $1250 and $1250 $2500 and $2500 $2500 and $1250 $1250 and $2500

34 q² and the supply curve p = 2+ q², find the producer surplus when the market is Given the demand curve p = in equilibrium. - Round your answer to three decimal places. The producer surplus is i

Consider a free market with demand equal to Q = 800 − 10P and supply equal to Q = 10P. What is the value of consumer surplus? What is the value of producer surplus?

If producers surplus is $33 and the consumer surplus is $12  Find total surplus