menu
bartleby
search
close search
Hit Return to see all results
Subscribe
Sign in
Subjects
Business
Accounting
Economics
Finance
Leadership
Management
Marketing
Operations Management
Engineering
Bioengineering
Chemical Engineering
Civil Engineering
Computer Engineering
Computer Science
Electrical Engineering
Mechanical Engineering
Math
Advanced Math
Algebra
Calculus
Geometry
Probability
Statistics
Trigonometry
Science
Advanced Physics
Biochemistry
Biology
Chemistry
Earth Science
Health & Nutrition
Nursing
Physics
Social Science
Anthropology
Psychology
Sociology

Math
Mathematical Applications for the Management, Life, and Social Sciences11th Edition

close solutoin list
Chapter 13.4, Problem 20E
BuyFindarrow_forward

Mathematical Applications for the ...

11th Edition
Ronald J. Harshbarger + 1 other
ISBN: 9781305108042

Solutions

Chapter
Section
Problem 1CP
Problem 2CP
Problem 3CP
Problem 1E
Problem 2E
Problem 3E
Problem 4E
Problem 5E
Problem 6E
Problem 7E
Problem 8E
Problem 9E
Problem 10E
Problem 11E
Problem 12E
Problem 13E
Problem 14E
Problem 15E
Problem 16E
Problem 17E
Problem 18E
Problem 19E
Problem 20E
Problem 21E
Problem 22E
Problem 23E
Problem 24E
Problem 25E
Problem 26E
Problem 27E
Problem 28E
Problem 29E
Problem 30E
Problem 31E
Problem 32E
Problem 33E
Problem 34E
Problem 35E
Problem 36E
BuyFindarrow_forward

Mathematical Applications for the ...

11th Edition
Ronald J. Harshbarger + 1 other
ISBN: 9781305108042
Textbook Problem

In Problems 17-26, p and C are in dollars and x is the number of units.

The demand function for a certain product is p   = 100 / ( 1   + 2 x ) . If the equilibrium quantity is 12 units, what is the consumer’s surplus?

To determine

To calculate: The Consumer’s Surplus for a product whose demand function is approximated by p=100(1+2x) dollars. Where, the equilibrium quantity is 12 unit.

Explanation

Given Information:

Demand function is approximated by p=100(1+2x) dollars.

The equilibrium quantity is 12 unit.

Formula used:

According to the Consumer’s Surplus:

If the demand curve has equation p=f(x), the consumer surplus is given by the area between f(x) and the x− axis from 0 to x1, less the area of TR is:

CS=∫0x1f(x)dx−p1x1.

Calculation:

Consider the demand function:

p=100(1+2x)

Since, to know the equilibrium price at which the given quantity can be purchased,

Let, x=12

Substitute the value x=12 in the demand function to get p1,

p=100(1+2⋅12)=10025=4

Thus, the equilibrium point (x1,p1) will be,

x1=12p1=4

Consider the formula:

CS=∫0x1f(x)dx

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution
arrow_back
Chapter 13.4,
Problem 19E
Chapter 13.4,
Problem 21E
arrow_forward

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Chapter 13 Solutions

Show all chapter solutions add
Sect-13.1 P-1CPSect-13.1 P-2CPSect-13.1 P-1ESect-13.1 P-2ESect-13.1 P-3ESect-13.1 P-4ESect-13.1 P-5ESect-13.1 P-6ESect-13.1 P-7ESect-13.1 P-8E
Sect-13.1 P-9ESect-13.1 P-10ESect-13.1 P-11ESect-13.1 P-12ESect-13.1 P-13ESect-13.1 P-14ESect-13.1 P-15ESect-13.1 P-16ESect-13.1 P-17ESect-13.1 P-18ESect-13.1 P-19ESect-13.1 P-20ESect-13.1 P-21ESect-13.1 P-22ESect-13.1 P-23ESect-13.1 P-24ESect-13.1 P-25ESect-13.1 P-26ESect-13.1 P-27ESect-13.1 P-28ESect-13.1 P-29ESect-13.1 P-30ESect-13.1 P-31ESect-13.1 P-32ESect-13.1 P-33ESect-13.1 P-34ESect-13.1 P-35ESect-13.1 P-36ESect-13.1 P-37ESect-13.1 P-38ESect-13.1 P-39ESect-13.1 P-40ESect-13.2 P-1CPSect-13.2 P-2CPSect-13.2 P-1ESect-13.2 P-2ESect-13.2 P-3ESect-13.2 P-4ESect-13.2 P-5ESect-13.2 P-6ESect-13.2 P-9ESect-13.2 P-10ESect-13.2 P-11ESect-13.2 P-12ESect-13.2 P-7ESect-13.2 P-8ESect-13.2 P-23ESect-13.2 P-24ESect-13.2 P-13ESect-13.2 P-14ESect-13.2 P-15ESect-13.2 P-16ESect-13.2 P-17ESect-13.2 P-18ESect-13.2 P-19ESect-13.2 P-20ESect-13.2 P-21ESect-13.2 P-22ESect-13.2 P-25ESect-13.2 P-26ESect-13.2 P-27ESect-13.2 P-28ESect-13.2 P-29ESect-13.2 P-30ESect-13.2 P-31ESect-13.2 P-32ESect-13.2 P-33ESect-13.2 P-34ESect-13.2 P-35ESect-13.2 P-36ESect-13.2 P-37ESect-13.2 P-38ESect-13.2 P-39ESect-13.2 P-40ESect-13.2 P-41ESect-13.2 P-42ESect-13.2 P-43ESect-13.2 P-44ESect-13.2 P-45ESect-13.2 P-46ESect-13.2 P-47ESect-13.2 P-48ESect-13.2 P-49ESect-13.2 P-50ESect-13.2 P-51ESect-13.2 P-52ESect-13.2 P-53ESect-13.2 P-54ESect-13.2 P-55ESect-13.2 P-56ESect-13.2 P-57ESect-13.2 P-58ESect-13.2 P-59ESect-13.2 P-60ESect-13.2 P-61ESect-13.2 P-62ESect-13.2 P-63ESect-13.2 P-64ESect-13.2 P-65ESect-13.2 P-66ESect-13.2 P-67ESect-13.2 P-68ESect-13.3 P-1CPSect-13.3 P-2CPSect-13.3 P-3CPSect-13.3 P-1ESect-13.3 P-2ESect-13.3 P-3ESect-13.3 P-4ESect-13.3 P-5ESect-13.3 P-6ESect-13.3 P-7ESect-13.3 P-8ESect-13.3 P-9ESect-13.3 P-10ESect-13.3 P-11ESect-13.3 P-12ESect-13.3 P-13ESect-13.3 P-14ESect-13.3 P-15ESect-13.3 P-16ESect-13.3 P-17ESect-13.3 P-18ESect-13.3 P-19ESect-13.3 P-20ESect-13.3 P-21ESect-13.3 P-22ESect-13.3 P-23ESect-13.3 P-24ESect-13.3 P-25ESect-13.3 P-26ESect-13.3 P-27ESect-13.3 P-28ESect-13.3 P-29ESect-13.3 P-30ESect-13.3 P-31ESect-13.3 P-32ESect-13.3 P-33ESect-13.3 P-34ESect-13.3 P-35ESect-13.3 P-36ESect-13.3 P-37ESect-13.3 P-38ESect-13.3 P-39ESect-13.3 P-40ESect-13.3 P-41ESect-13.3 P-42ESect-13.3 P-43ESect-13.3 P-44ESect-13.3 P-45ESect-13.3 P-46ESect-13.3 P-47ESect-13.3 P-48ESect-13.3 P-49ESect-13.3 P-50ESect-13.4 P-1CPSect-13.4 P-2CPSect-13.4 P-3CPSect-13.4 P-1ESect-13.4 P-2ESect-13.4 P-3ESect-13.4 P-4ESect-13.4 P-5ESect-13.4 P-6ESect-13.4 P-7ESect-13.4 P-8ESect-13.4 P-9ESect-13.4 P-10ESect-13.4 P-11ESect-13.4 P-12ESect-13.4 P-13ESect-13.4 P-14ESect-13.4 P-15ESect-13.4 P-16ESect-13.4 P-17ESect-13.4 P-18ESect-13.4 P-19ESect-13.4 P-20ESect-13.4 P-21ESect-13.4 P-22ESect-13.4 P-23ESect-13.4 P-24ESect-13.4 P-25ESect-13.4 P-26ESect-13.4 P-27ESect-13.4 P-28ESect-13.4 P-29ESect-13.4 P-30ESect-13.4 P-31ESect-13.4 P-32ESect-13.4 P-33ESect-13.4 P-34ESect-13.4 P-35ESect-13.4 P-36ESect-13.5 P-1CPSect-13.5 P-2CPSect-13.5 P-3CPSect-13.5 P-4CPSect-13.5 P-5CPSect-13.5 P-6CPSect-13.5 P-1ESect-13.5 P-2ESect-13.5 P-3ESect-13.5 P-4ESect-13.5 P-5ESect-13.5 P-6ESect-13.5 P-7ESect-13.5 P-8ESect-13.5 P-9ESect-13.5 P-10ESect-13.5 P-11ESect-13.5 P-12ESect-13.5 P-13ESect-13.5 P-14ESect-13.5 P-15ESect-13.5 P-16ESect-13.5 P-17ESect-13.5 P-18ESect-13.5 P-19ESect-13.5 P-20ESect-13.5 P-21ESect-13.5 P-22ESect-13.5 P-23ESect-13.5 P-24ESect-13.5 P-25ESect-13.5 P-26ESect-13.5 P-27ESect-13.5 P-28ESect-13.5 P-29ESect-13.5 P-30ESect-13.5 P-31ESect-13.5 P-32ESect-13.5 P-33ESect-13.5 P-34ESect-13.5 P-35ESect-13.5 P-36ESect-13.5 P-37ESect-13.5 P-38ESect-13.5 P-39ESect-13.5 P-40ESect-13.5 P-41ESect-13.5 P-42ESect-13.6 P-1CPSect-13.6 P-2CPSect-13.6 P-1ESect-13.6 P-2ESect-13.6 P-3ESect-13.6 P-4ESect-13.6 P-5ESect-13.6 P-6ESect-13.6 P-7ESect-13.6 P-8ESect-13.6 P-9ESect-13.6 P-10ESect-13.6 P-11ESect-13.6 P-12ESect-13.6 P-13ESect-13.6 P-14ESect-13.6 P-15ESect-13.6 P-16ESect-13.6 P-17ESect-13.6 P-18ESect-13.6 P-19ESect-13.6 P-20ESect-13.6 P-21ESect-13.6 P-22ESect-13.6 P-23ESect-13.6 P-24ESect-13.6 P-25ESect-13.6 P-26ESect-13.6 P-27ESect-13.6 P-28ESect-13.6 P-29ESect-13.6 P-30ESect-13.6 P-31ESect-13.6 P-32ESect-13.6 P-33ESect-13.6 P-34ESect-13.6 P-35ESect-13.6 P-36ESect-13.6 P-37ESect-13.6 P-38ESect-13.7 P-1CPSect-13.7 P-2CPSect-13.7 P-1ESect-13.7 P-2ESect-13.7 P-3ESect-13.7 P-4ESect-13.7 P-5ESect-13.7 P-6ESect-13.7 P-7ESect-13.7 P-8ESect-13.7 P-9ESect-13.7 P-10ESect-13.7 P-11ESect-13.7 P-12ESect-13.7 P-13ESect-13.7 P-14ESect-13.7 P-15ESect-13.7 P-16ESect-13.7 P-17ESect-13.7 P-18ESect-13.7 P-19ESect-13.7 P-20ESect-13.7 P-21ESect-13.7 P-22ESect-13.7 P-23ESect-13.7 P-24ESect-13.7 P-25ESect-13.7 P-26ESect-13.7 P-27ESect-13.7 P-28ESect-13.7 P-29ESect-13.7 P-30ESect-13.7 P-31ESect-13.7 P-32ESect-13.7 P-33ESect-13.7 P-34ESect-13.7 P-35ESect-13.7 P-36ESect-13.7 P-37ESect-13.7 P-38ESect-13.7 P-39ESect-13.7 P-40ESect-13.7 P-41ESect-13.7 P-42ESect-13.7 P-43ESect-13.7 P-44ESect-13.7 P-45ESect-13.7 P-47ESect-13.8 P-1CPSect-13.8 P-2CPSect-13.8 P-3CPSect-13.8 P-1ESect-13.8 P-2ESect-13.8 P-3ESect-13.8 P-4ESect-13.8 P-5ESect-13.8 P-6ESect-13.8 P-7ESect-13.8 P-8ESect-13.8 P-9ESect-13.8 P-10ESect-13.8 P-11ESect-13.8 P-12ESect-13.8 P-13ESect-13.8 P-14ESect-13.8 P-15ESect-13.8 P-16ESect-13.8 P-17ESect-13.8 P-18ESect-13.8 P-19ESect-13.8 P-20ESect-13.8 P-21ESect-13.8 P-22ESect-13.8 P-23ESect-13.8 P-24ESect-13.8 P-25ESect-13.8 P-26ESect-13.8 P-27ESect-13.8 P-28ESect-13.8 P-29ESect-13.8 P-30ESect-13.8 P-31ESect-13.8 P-32ESect-13.8 P-33ESect-13.8 P-34ECh-13 P-1RECh-13 P-2RECh-13 P-3RECh-13 P-4RECh-13 P-5RECh-13 P-6RECh-13 P-7RECh-13 P-8RECh-13 P-9RECh-13 P-10RECh-13 P-11RECh-13 P-12RECh-13 P-13RECh-13 P-14RECh-13 P-15RECh-13 P-16RECh-13 P-17RECh-13 P-18RECh-13 P-19RECh-13 P-20RECh-13 P-21RECh-13 P-22RECh-13 P-23RECh-13 P-24RECh-13 P-25RECh-13 P-26RECh-13 P-27RECh-13 P-28RECh-13 P-29RECh-13 P-30RECh-13 P-31RECh-13 P-32RECh-13 P-33RECh-13 P-34RECh-13 P-35RECh-13 P-36RECh-13 P-37RECh-13 P-38RECh-13 P-39RECh-13 P-40RECh-13 P-41RECh-13 P-42RECh-13 P-43RECh-13 P-44RECh-13 P-45RECh-13 P-46RECh-13 P-47RECh-13 P-48RECh-13 P-49RECh-13 P-50RECh-13 P-51RECh-13 P-53RECh-13 P-54RECh-13 P-55RECh-13 P-1TCh-13 P-2TCh-13 P-3TCh-13 P-4TCh-13 P-5TCh-13 P-6TCh-13 P-7TCh-13 P-8TCh-13 P-9TCh-13 P-10TCh-13 P-11TCh-13 P-12TCh-13 P-13TCh-13 P-14TCh-13 P-15TCh-13 P-16T

Additional Math Solutions

Find more solutions based on key concepts

Show solutions add

Simplify each expression in Exercises 1730, expressing your answer in positive exponent form. x3x2

Finite Mathematics

Using the Constant Multiple Rule In Exercises 25-30, complete the table to find the derivative of the function ...

Calculus: Early Transcendental Functions

Determine whether the series is convergent or divergent. If it is convergent, find its sum. 28. 13+29+127+281+1...

Calculus: Early Transcendentals

Determine whether the statement is true or false. If it is true, explain why. If it is false, explain why or gi...

Calculus (MindTap Course List)

Find the functions (a) f g, (b) g f, (c) f f, and (d) g g and their domains. 35. f(x)=x+1, g(x) = 4x 3

Single Variable Calculus

For Problems 15-26, simplify each of the numerical expressions. 9131212+(416)(116)

Intermediate Algebra

For a math test on which the mean score was 59 and the standard deviation was 4, what is the probability that a...

Essentials Of Statistics

Sketch the curve with the given polar equation by first sketching the graph of r as a function of in Cartesian...

Multivariable Calculus

For the following set at scores: 1. Construct a frequency distribution table to organize the scores. 2. Draw a ...

Essentials of Statistics for The Behavioral Sciences (MindTap Course List)

Prove the second law of exponents for ex [see (11)].

Single Variable Calculus: Early Transcendentals, Volume I

Evaluate expressions in Exercises 3756, rounding your answer to four significant digits where necessary. 45

Finite Mathematics and Applied Calculus (MindTap Course List)

In Exercises 90-98, determine whether the statement is true or false. If it is true, explain why it is true. If...

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

Olympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic mens pole vault hei...

Precalculus: Mathematics for Calculus (Standalone Book)

Spray drift is a constant concern for pesticide applicators and agricultural producers. The inverse relationshi...

Probability and Statistics for Engineering and the Sciences

The range is completely determined by the two extreme scores in a distribution. The standard deviation on the, ...

Statistics for The Behavioral Sciences (MindTap Course List)

Checkpoint 4 Worked-out solution available at LarsonAppliedCalculus.com Use the Distance Formula to show that t...

Calculus: An Applied Approach (MindTap Course List)

Let a=log2,b=log3, and c=log7. In Exercises 2946, use the logarithm identities to express the given quantity in...

Applied Calculus

Hatchery Fish: Length A large tank of fish from a hatchery is being delivered to a lake. The hatchery claims th...

Understanding Basic Statistics

In Exercises 7 to 10, use set-builder notation to write each set. 7. The set of integers greater than -6 8. {Ap...

Mathematical Excursions (MindTap Course List)

Find each product: (5a)(17a2)(3a2b)

Elementary Technical Mathematics

For the following statements, underline the key words and translate into expressions. 23. The difference of 8Y ...

Contemporary Mathematics for Business & Consumers

Find a principal ideal (z) of such that each of the following products as defined in Exercise 10 is equal to (...

Elements Of Modern Algebra

In Exercises 34 to 36, provide paragraph proofs. Given: Right ABC Prove: h=abc

Elementary Geometry For College Students, 7e

For Problems 41 through 44, use parametric equations to model the path of a rider on the wheel. You want to end...

Trigonometry (MindTap Course List)

REAL ESTATE Bond Brothers, a real estate developer, builds house in three states. The projected number of units...

Finite Mathematics for the Managerial, Life, and Social Sciences

In Exercises 15 to 20, use that fact that r2+h2=l2 in a right circular cone Theorem 9.3.6. Find the length of t...

Elementary Geometry for College Students

Using Differentials In Exercises 33 and 34, use differentials and the graph of f to approximate (a) f (1.9) and...

Calculus: Early Transcendental Functions (MindTap Course List)

Evaluating a Definite Integral Using a Geometric Formula In Exercises 23-32, sketch the region whose area is gi...

Calculus of a Single Variable

For what values of c is there a straight line that intersects the curve y=x4+cx3+12x25x+2 in four distinct poin...

Single Variable Calculus: Early Transcendentals

The Economist collects data each year on the price of a Big Mac in various countries around the world. The pric...

Introduction To Statistics And Data Analysis

Precalculus or Calculus In Exercises 3-6.decide whether the problem can be solved using precalculus or whether ...

Calculus

True or False: If Tn(x) is the nth Taylor polynomial for f(x) centered at c, then Tn(k)(c) = f(k)(c) for k = 0,...

Study Guide for Stewart's Multivariable Calculus, 8th

Which graph is best described by a linear model?

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

For each exercise, functions and cofunctions of two angles are given. Which of the functions or cofunctios of t...

Mathematics For Machine Technology

Identify the threats to internal validity for pre-post designs.

Research Methods for the Behavioral Sciences (MindTap Course List)

People often wait until middle age to worry about having a healthy heart. However, recent studies have shown th...

Statistics for Business & Economics, Revised (MindTap Course List)

Finding a Limit In Exercises 11-30, find the limit (if it exists). If it does not exist, explain why. limx1(1x2...

Calculus (MindTap Course List)

In addition to the key words, you should also be able to define the following terms: Two-factor design Single-f...

Research Methods for the Behavioral Sciences (MindTap Course List)

Explain how to graph a line using the intercept method.

College Algebra (MindTap Course List)

One of the questions on a survey of 1000 adults asked if todays children will be better off than their parents ...

STATISTICS F/BUSINESS+ECONOMICS-TEXT

Mass In Exercises 23 and 24, find the total mass of a spring with density in the shape of the circular helix r...

Multivariable Calculus

bartleby
© bartleby 2019