The demand for a particular item is given by the demand function D(x) = 1400 – x² Find the consumer's surplus if the equilibrium point (xe, Pe) = (5, 1375). Round to the nearest cent. %3D

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Q: The demand for a particular item is given by the demand function D(x) = 1400 – r2 %3D Find the…

A: The demand for a particular item is given by the demand function D(x)=1400-x2. Find the consumer's…

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Q: use the price-demand equation to find E(p), the elasticity of demand. x=f(p)=109-ep

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

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Q: Use the price-demand equation below to find E(p), the elasticity of demand. x = f(p) = 3000 – 2p2…

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

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Q: 5P+ P? and Find the demand function Q = f (P) if elasticity of demand is Q = 500 when P = 10

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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)

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Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.