Question A certain good has its average revunue curve as, AR = 48 - 3Q and supply curve as, P= 10 + 10Q. Assuming pure competiotion and using integration, calculate the consumer surplus. (Please give your answer in 2 decimal places.) ANS- Assuming pure competiotion and using integration,calculate the producer surplus. ANS-

Question A certain good has its average revunue curve as, AR = 48 - 3Q and supply curve as, P= 10 + 10Q. Assuming pure competiotion and using integration, calculate the consumer surplus. (Please give your answer in 2 decimal places.) ANS- Assuming pure competiotion and using integration,calculate the producer surplus. ANS-

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter7: Market Efficiency And Welfare

Section: Chapter Questions

Problem 1P

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