A particular commodity has a price-demand equation given by p = v6724 – 224x, where æ is the amount in pounds of the commodity demanded when the price is p dollars per pound. Find consumers' surplus if (a) the equilibrium quantity is 26 pounds. Round your answer to the nearest cent if necessary. (b) the equilibrium price is 23 dollars. Round your answer to the nearest cent if necessary.

Q: The demand equation for the BWS Bluetooth wireless loudspeaker is p = −0.03x + 210 where x is the…

A: The equilibrium point is the point where demand equation and supply equation is equal.

Q: (c) The demand for watches is given by p = 7000 – 2q dollars, and the supply of watches is given byp…

A:

Q: A particular commodity has a price-supply equation give by p=375(1.034)x, where x is the number of…

A:

Q: The consumer demand curve for Professor Stefan Schwarzenegger's dumbbells is given by q = (84 -…

A:

Q: Find the consumers' surplus if the demand for an item is given by D(q)=72-q2, assuming supply and…

A: To find the consumer’s surplus.

Q: A study of the demand for air travel between two cities depends on the airfare according to the…

A: To find the elasticity.

Q: The demand for watches is given by p = 7000 − 2q dollars, and the supply of watches is given by p =…

A:

Q: Suppose the demand function for a commodity is given by the equation p2 + 16q = 1,200 and the supply…

A:

Q: The demand for watches is given by 7000-2q dollars and the supply of watches is given by p=…

A:

Q: The consumer demand curve for Professor Stefan Schwarzenegger's dumbbells is given by x = (114 -…

A:

Q: Find the consumers' surplus at a price level of p= $160 for the price-demand equation below. p =…

A:

Q: Given: (x is number of items) 3125 Demand function: d(x) = Supply function: s(x) = 5,/¤ Find the…

A: Given that: Demand function, d(x)=3125xSupply function, s(x)=5x

Q: Find the​ producers' surplus at a price level of p=​$70 for the​ price-supply equation below.…

A: Given problem:- Find the​ producers' surplus at a price level of p=​$70 for the​ price-supply…

Q: The demand for watches is given by p = 7000 2q dollars, and the supply of watches is given by p…

A:

Q: The demand for a particular item is given by the demand function D(x) = 1400 – x² Find the…

A: Given, The demand function is given by Dx=1400-x2 Equilibrium point xe, pe=5, 1375

Q: The demand for watches is given by p = 7000 2q dollars, and the supply of watches is given by p =…

A: At the equilibrium point, the demand function and supply function must be equal.

Q: Find the consumers' surplus at a price level of $8 for the price-demand equation p = D(x) – 0.05x

A: Solution is given below : Answer: 1440

Q: At a price of $2.28 per bushel, the supply of a certain grain is 7100 million bushels and the demand…

A:

Q: Given: (x is number of items) Demand function: d(x) = 264.6 – 0.2x? Supply function: s(x) = 0.4x?…

A:

Q: Find the​ consumers' surplus at a price level of p=​$150 for the​ price-demand equation below.…

A: Recall:  Consumer surplus=∫0x(D(x)-p)dx Given, p=​$150 p=​D(x)=300−0.05x

Q: The monthly demand and supply functions for the Portable desk lamp are given by p = -0.025x 2 -0.5x…

A: We will find out the required values.

Q: Find the equilibrium point of the demand and supply equations. Demand Supply p= 530 0.5x p = 298 +…

A: For equilibirium point, put demand =supply

Q: After extensive surveys, the research department of a company has determined that the supply and…

A: The supply equation is ,s(p)=500p-19500The demand equation is,d(p)=20000p

Q: Where x represents the quantity demanded in units of a thousand and p the unit price in dollars,…

A:

Q: Given: (x is number of items) Demand function: d(x) Supply function: s(x) = 0.3x? 352.8 – 0.5x? Find…

A: Equillibrium quantity = 21

Q: Qd = 240 - 5p Qs = p find equilibrium price before tax

A: Given information Qd = 240 - 5p Qs = p

Q: Given: (x is number of items) Demand function: d(x) = 202.5 – 0.6x? Supply function: s(x) = 0.3x²…

A:

Q: The demand equation for the BWS Bluetooth wireless loudspeaker is p = −0.03x + 215 where x is the…

A: The given question can be solved by taking demand equation equal to supply equation

Q: The demand equation for a certain make of toys is given by p=160–0.2x, where p is the unit price in…

A: I am going to solve the given problem by using some simple calculus to get the required result.

Q: The consumer demand curve for Professor Stefan Schwarzenegger's dumbbells is given by q = (83 -…

A:

Q: Find the consumers' surplus at a price level of p $150 for the price-demand equation below. p= D(x)…

A:

Q: At a price of $2.22 per bushel, the supply of a certain grain is 7200 million bushels and the demand…

A: NOTE: Refresh your page if you can't see any equations. . find the supply function: for 7200 million…

Q: Given: (q is number of items) Demand function: d(q) = 581.9 – 0.6g? Supply function: s(q) = 0.5q? |…

A: Given, the demand function dq=581.9-0.6q2, and supply function sq=0.5q2, therefore we have to find…

Q: Please answer in complete solutions: Find the equilibrium price p and the equilibrium quantity x…

A:

Q: suppose the supply function for a product is 2p - q - 20 = 0, while the demand function for the same…

A:

Q: The demand for watches is given by p = 7000 − 2q dollars, and the supply of watches is given by p =…

A:

Q: 1) A hockey team plays in an arena that holds 100,000 spectators. Each ticket is sold at $15,…

A: Given  Maximum capacity = 100,000 spectators when ticket price is $15 average attendance is 50,000…

Q: he demand per year for your textbook is given by ? = −1,000? + 140,000, where ? is the price per…

A:

Q: At a price of ​$2.27 per​ bushel, the supply of a certain grain is 7400 million bushels and the…

A: Given, When, price per bushel= $2.27 supply of grain in million = 7400 demand in million = 7800…

Q: The consumer demand curve for Professor Stefan Schwarzenegger's dumbbells is given by  q = (98 −…

A: Given : The consumer demand curve for Professor Stefan Schwarzenegger's dumbbells is given by  q =…

Q: (c) The demand for watches is given by p = 7000 − 2q dollars,and the supply of watches is given by p…

A:

Q: Given: (x is number of items) Demand function: d(x) = 809.2 – 0.3x? Supply function: s(x) = 0.4x²…

A: As given above: Demand function is:  dx=809.2-0.3x2 Supply function is: sx=0.4x2 Now for equilibrium…

Q: A business uses straight-line depreciation to determine the value y of an automobile over a 5-year…

A: NOTE: Refresh your page if you can't see any equations. . x= number of years  y= value of the…

Q: The monthly demand for insulated coffee mugs is given by q= 4400 − 200p, where p is the price of a…

A:

Q: iven the supply equation 2q – 280p+ 2240 = 0 and the demand equation 260p+q – 5200 = 0, find the…

A:

Q: Suppose that the demand curve for corn has the equation p = - 0.17q + 6.389 and the supply curve for…

A: ven, equation of demand curve , p=-0.17q+6.389and , equation of supply curve , p = 0.2q +2.8

Q: When the price, p, charged for a boat tour was $30, the average number of passengers per week, N,…

A: Given query is to find the function for demand.

Q: The demand for watches is given by p = 7000 − 2q dollars, and the supply of watches is given by p =…

A:

Q: 7000 Find the consumers' surplus if the demand function for a particular beverage is given by D(q) =…

A: Here we have to find the consumer's surplus if the demand function for a particular beverage is…

Q: A study of the demand for air travel between two cities depends on the airfare according to the…

A: Given query is to find elasticity of the demand.