Consider the following supply and demand functions, where price is expressed as a function of quantity. S(x) = 4x + 7 D(x) = -3x + 19   a. Find the equilibrium quantity, xE. b. Find the equilibrium price, pE. c. Find the consumer's surplus at the equilibrium point. d. Find the producer's surplus at the equilibrium point.

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A: Given, S(x)=15+13x           And the equilibrium price =$ 236

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Q: Use the price-demand equation below to find E(p), the elasticity of demand. x= f(p) = 20,000 – 450p…

A: Given: Price-demand equation: x=f(p)=20,000-450p To find: E(p)

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Q: Use the price-demand equation below to find E(p), the elasticity of demand. x = f(p) = 4200 – 3p2…

A: Given: Price-demand equation: x=fp=4200-3p2

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Q: Given the demand function D(p) = √325 - 2p, Find the Elasticity of Demand at a price of $17

A: We can find elasticity of demand .

Q: Use the price-demand equation below to find E(p), the elasticity of demand. x= f(p) = 9600 – 6p- ...…

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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 a particular item is given by the function D(a) 1, 300- 3x2 Find the consumer's…

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Q: The weekly demand and supply functions for Sportsman 5x7 tents are given by the following respective…

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

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

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

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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: Find the price that will maximize profit for the demand and cost functions, where p is the price, x…

A: Given : Demand function  p=45−0.1x   Cost function C(x)=30x+500

Q: Find the consumers' surplus at a price level of p = $130 for the price-demand equation below. p=…

A: p=400-0.02xat p =130130=400-0.02x0.02x=270x=2700.02=13500x=13500TE=px =130(13500)TE=1755000

Q: Use the price-demand equation below to find E(p), the elasticity of demand. x = f(p) = 2800 – 2p2

A: We are asked to find the elasticity of demand

Q: Use the price-demand equation below to find E(p), the elasticity of demand. x= f(p) = 80,000 – 900p…

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Q: given the demand equation p=300-x/30 and cost equation C(x)=150,000+30x, find the marginal profit at…

A: Given Find out the revenue function using demand equation Revenue = p times x

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A: We have to find

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Q: Find the price that will maximize profit for the demand and cost functions, where p is the price, x…

A: Here we will find price p to maximise profit,

Q: Find the price that will maximize profit for the demand and cost functions, where p is the price, x…

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Q: Given Cost and Price​ (demand) functions C(q)=110q+40000 and p(q)=-2.2q+950, what is the marginal…

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Q: Use the demand function x- 275 (1- 3p/5p+1)  to find the rate of change in a demand x for price p=$4

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

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

A: Given p=400-0.02x

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

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Q: For the supply function s(x) and demand level x, find the producers' surplus. s(x) = 0.02x, x = 200…

A: For this problem, we have to find producer surplus.

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A: The demand for chicken serving is given as follows:                               q=38p0.6 where p…

Q: 3. Find the demand function for a clock manufacturer if marginal demand, in dollars, is given by p'…

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Q: Use the price-demand equation below to find E(p), the elasticity of demand. x= f(p) = 4500 -3p E(p)…

A: The Elasticity of demand is defined by  E(p) = p * f ' (p) / f(p)

Q: A manufacture has been selling 1100 television sets a week at $420 each. A market survey indicates…

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Q: Use the price-demand equation below to find E(p), the elasticity of demand. x= f(p) = 15,000 -175p…

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Q: Find the equilibrium price and equilibrium quantity for a product whose supply and demand functions…

A: Find the equilibrium price and equilibrium quantity for a product using supply and demand function.

Q: Find the market equilibrium price for the demand function D(X) = 2x? – x + 6 And the supply function…

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Q: given a demand equation p=(900+31x-x2)/2000 and a cost equation C=600+3x, find the marginal profit…

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Q: Consider the following supply and demand functions, where price is expressed as a function of…

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Q: A manufacture has been selling 1600 television sets a week at $540 each. A market survey indicates…

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Q: Answer the following questions for the price-demand equation. p+0.002x= 40 (A) Express the demand x…

A: The given price-demand equation is, p+0.002x=40

Q: Suppose that the demand function is given by p = 60 − x. (a) Find the revenue function R(x). (b)…

A: Given: (a) The formula to find the revenue is function is given below,

Q: For the following supply and demand functions, calculate a) the equilibrium point and b) the…

A: Given that Supply=x+8 Demand=360/(x+2) To find equilibrium points and the consumers surplus.