Answered: Find the consumers' surplus at a price…

Find the consumers' surplus at a price level of p= $150 for the price-demand equation below. p= D(x) = 200 -0.02x What is the consumer surplus?

Trigonometry (MindTap Course List)

10th Edition

ISBN:9781337278461

Author:Ron Larson

Publisher:Ron Larson

ChapterP: Prerequisites

SectionP.3: The Cartesian Plane And Graphs Of Equations

Problem 40E

See similar textbooks

Related questions

Q: 2EM – E² – M² + 20. Determine the quantity of electrical and manual typewriters which lead | to…

Q: Find the equilibrium point for the supply and demand functions below. Enter your answer as an…

A: Given that, S(x)=5x+8 D(x)=120−9x Find the equilibrium point for the supply and demand functions.

Q: Discount Stereo's most popular model has been found to have a monthly demand of 185 when the price…

Q: The population of a town is decreasing at a rate proportional to its size. In 1980, the population…

Q: could you help me with this problem please

A: Given,

Q: Find the equilibrium point for the supply and demand functions below. Enter your answer as an…

Q: Given: (x is number of items) 4800 Demand function: d(x) = Supply function: s(x) = 3/T Find the…

A: Solve the given

Q: Suppose that the demand x (in units) for a product is x = 6,000 - 50p, where p %3D dollars is the…

A: Given that: E = 6000p - 50p2 For maximum E,…

Q: Use the price-demand equation p+ 0.004x = 40, 0sps40. Find the elasticity of demand when p= $15. If…

A: Given that P+0.004x=40 To determine the elasticity of demand

Q: Marine ecologists estimate the reproduction curve for swordfish in a fishing ground to be f(p) =…

Q: The annual fixed costs for owning a small sedan are $1461, assuming the car is completely paid for.…

A: To determine the linear equation.

Q: Find the Consumers' and Producers' surplus at equilibrium for the market with the supply and demand…

Q: Use the price-demand equation below to find E(p), the elasticity of demand. x = f(p) = 40,000 - 550p…

A: The given function is Q=f(p)=40,000-550p We know that the elasticity of demand is =dQQdPP

Q: plss help

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 equilibrium point for the supply and demand functions below. Enter your answer as an…

A: S(x)=4x+6D(x)=83-3xAt the equilibrium point: S(x)=D(x)

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

Q: Given: (x is number of items) 2187 Demand function: d(x) Supply function: s(x) = 3/x Find the…

A: Please refer to the image below

Q: You can now sell 80 cups of lemonade per week at 40¢ per cup, but demand is dropping at a rate of 4…

A: The demand is dropping at a rate of 4 cups per week, so next week the sale will be 80 cups-4…

Q: For a particular commodity, the supply and demands functions are given by 600 S(g) = 10g, D(g): q+4…

Q: Given the price-demand and price-supply equations below, find the consumers' surplus at the…

A: Given: D(x)=p=6−0.03x S(x)=p=2+0.02x To determine: Consumer's surplus at the equilibrium price…

Q: Find the equilibrium quantity for demand equation p=-x^2+36 where x represent quantity demand and…

A: We have to find the equilibrium quantity for demand equation

Q: Use the price-demand equation below to find E(p), the elasticity of demand. x = f(p) = 12,500 – 325p…

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: Marine ecologists estimate the reproduction curve for swordfish in a fishing ground to be f(p) =…

Q: The supply function for a product is given by p = q2 + 340, and the demand is given by p + q = 760.…

Q: Find the equilibrium point for the supply and demand functions below. Enter your answer as an…

A: The supply and demand function,Sx=4x2+11x+43Dx=115-x

Q: Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand…

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

A: The equilibrium occurs where the quantity demanded is equal to the quantity supplied. The given…

Q: The supply for a particular item is given by the function s(x)=12+ 7X. Find the producers surplus if…

A: Given that the supply for a particular item is given by the function s(x)= 12 + 7x . Here we have to…

Q: 45 The quantity demanded per month of an item is related to the unit price by the demand equation…

A: The demand equation is given by px =450.04x2+1 To evaluate: The number of items sold to maximize the…

Q: The cost of controlling emissions at a firm goes up rapidly as the amount of emissions reduced goes…

Q: An island is 12 mi from the nearest point on a straight shoreline; that point is 15 mi from a power…

A: topic - application of derivatives

Q: Biologists stocked a lake with 500 fish and estimated the carrying capacity (the maximal population…

Q: Determine the elasticity when p = 3, given price-demand equation pª + 2x = 1200

A: Given demand equation: p4+2x=1200.

Q: Q3) The component of national economy is as follows: Y= 5000 C= 1800 T= 1400 C= 500+(1/2)(Y-T) |=…

Q: The demand and supply functions for a commodity are given below P: = e0.1q = 100 - D(q) = p = S(q) =…

Q: Given: (x is number of items) 3200 Demand function: d(x) Supply function: s(x) = 2/a Find the…

Q: An island is 3 mi from the nearest point on a straight shoreline; that point is 14 mi from a power…

A: According to the given figure, let n miles away cable meet the shore. Given that: Cost to lay…

Q: The supply for a particular item is given by the function S(x) 15 + 5x . Find the producer's surplus…

Q: Solve the problem. The marginal revenue from the sale of compact discs is given by R(x) = 190- 8x…

Q: Find the equilibrium point for the supply and demand functions below. Enter your answer as an…

Q: s the cost function of e number of units pro aximum profit? Wha

A: Let x=q. Cost function of of the product is for q units produced. Selling price for 1 unit is 2…

Q: The price-demand equation and the cost function for the production of infrared thermometers are…

A: The price-demand equation and the cost function for the production of infraredthermometers are…

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

A: Consider the given information. In a free market, equal cost is determined by the force of the…

Q: A price p (in dollars) and demand x for a product are related by 2x? – 6xp+ 50p² = 13000. If the…

Q: Crude Oil Using data for the years from 2010 andprojected to 2030, the U.S. Crude Oil production…

Q: The price-demand equation for hamburgers at Yaster's Burgers is x+ 423 p 2,934, %3! where p is the…

Q: The price-demand equation for hamburgers at Yaster's Burgers is x+404 p = 3,037, where p is the…

Q: Given the price-demand and price-supply equations below, determine the equilibrium quantity.…

A: To determine the point where the demand equals the supply

Concept explainers

Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.

Question

Find the consumers' surplus at a price level of p $150 for the price-demand equation below.
p= D(x)% 3D 200-0.02x
What is the consumer surplus?
%24

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Differential Equation$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.

Similar questions

When hired at a new job selling electronics, you are given two pay options: • Option A: Base salary of $14,000 a year with acommission of 10% of your sales • Option B: Base salary of $19,000 a year with acommission of 4% of your sales How much electronics would you need to sell foroption A to produce a larger income?
Suppose the world’s oil reserves in 2014 are 1,820 billion barrels. If, on average, the total reserves are decreasing by 25 billion barrels of oil each year: a. Give a linear equation for the remaining oil reserves,R, in terms of t, the number of years since now. b. Seven years from now, what will the oil reserves be? c. If the rate at which the reserves are decreasing is constant, when will the world’s oil reserves be depleted?
When hired at a new job selling jewelry, you aregiven two pay options: • Option A: Base salary of $17,000 a year with acommission of 12% of your sales • Option B: Base salary of $20,000 a year with acommission of 5% of your sales How much jewelry would you need to sell for optionA to produce a larger income?
When hired at a new job selling electronics, you aregiven two pay options: • Option A: Base salary of $10,000 a year with acommission of 9% of your sales • Option B: Base salary of $20,000 a year with acommission of 4% of your sales How much electronics would you need to sell foroption A to produce a larger income?
The Federal Helium Reserve held about 16 billioncubic feet of helium in 2010 and is being depleted byabout 2.1 billion cubic feet each year. a. Give a linear equation for the remaining federalhelium reserves, R, in terms of t, the number of years since 2010. b. In 2015, what will the helium reserves be? c. If the rate of depletion doesn’t change, in what year will the Federal Helium Reserve be depleted?
In 2004, a school population was 1,001. By 2008the population had grown to 1,697. Assume thepopulation is changing linearly. a. How much did the population grow between theyear 2004 and 2008? b. How long did it take the population to grow from1,001 students to 1,697 students? c. What is the average population growth per year? d. What was the population in the year 2000? e. Find an equation for the population, P, of theschool t years after 2001. f. Using your equation, predict the population of theschool in 2011 .