For a given commodity and pure competition, the number of units produced and the price per unit are determined as the coordinates of the point of intersection of the supply and demand curves. Given the demand curve p = 90 X and the supply curve p = 50 + find the consumer surplus and the producer surplus. 10 consumer surplus $ producer surplus $ Illustrate by sketching the supply and demand curves and identifying the surpluses as areas. P O 100 80 60 40 20 P 120 100 80 60 40 X 30 20 Producer Surplus Consumer Surplus 100 200 Producer Surplus 100 300 Consumer Surplus 200 300 X X 100 80 P 60 40 20 P 120 100 80 60 40 20 100 100 Consumer Surplus Producer Surplus 200 Consumer Surplus Producer Surplus 200 300 300 X

If the market price of a product is above the equilibrium price, the quantity supplied is _____ the quantity demanded. equal to Market price and quantity supply are not related. greater than less than

Can you help with parts g, h, and i please? The Admission director for a college far from mart and town believes that an inverse relationship exists between a private college's average discount rate(determined by the average amount of scholarships students receive) and the annual yield (the percentage of admitted students who actually attend). The Director's independent variable is a private college's discount rate measured as a percentage, and the dependent variable is the college's annual yield measured as a percentage. The following results were obtained for a sample of 30 private colleges: x- Discount rate(percentage) - range: 35 to 72 percent y- Annual Yield(percentage) - range: 12 o 81 percent Σxi = 1612 Σyi = 898Σxiyi = 44,377Σxi2 = 89,790Σyi2 = 35,704 a. Calculate the sample regression line's slope estimate. Interpret the sample regression line's slope estimate.b. Calculate the sample regression line's intercept estimate. Interpret the sample regression line's intercept…

Assume that the linear cost model applies. If the total cost of producing 200 items at $5 each is $1690, find the cost equation. (Let x be the number of items.)C(x) =