For a consumer with a demand function q = 10 - 2pz, find the answers to the following. Consumer surplus (CS) at price po = 1 a. b. CS at price p = 4 C. ACS resulting from the price change from po to p
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- if the price fall from p0 to p1, the change in consumer surplus is equal to what area?Calculate the consumers' surplus at the indicated unit price p for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.) p = 80 – g; p = 25 $Find the consumer's surplus for the following demand curve at the given sales level x. X. p=7- ;x=26 13 The consumer's surplus is $ (Round to the nearest cent as needed.) Enter your answer in the answer box.
- Calculate the consumers' surplus at the indicated unit price p for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.) p = 8 – 2q; p = 5 $Calculate the consumers' surplus at the indicated unit price p for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.) p = 300e−2q; p = 90Calculate the consumers' surplus at the indicated unit price p for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.) q = 70 − 2p; p = 10
- Find the consumer surplus.Question Find the consumers' surplus at a price level of $8 for the price-demand equation p = D(x) = 40 – 0.4x where p is the price and x is the demand. Do not include a dollar sign or any commas in your answer.Calculate the consumers' surplus at the indicated unit price p for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.) p = 8 - 2g; p = 5 $ 2.66 Need Help? Read It
- Find the consumer's surplus at P=2 for the following demand function: P=8Q-2/3Given demand function p = 25 - q² . Find the consumer surplus if goods are given for free.Suppose that the market demand for Turkey is given by: Q_(T)=2-8P_(T)+2P_(C)+0.0015I Where Q_(T) is annual quantity demanded of turkey in million pounds, P_(T) is the price of turkey per pound, P_(C) is price of chicken per pound, and I is the average household income in dollars per year. a. Find the annual quantity demanded of turkey if the price turkey is $2.00 per pound, price of chicken is $1.50 per pound and the annual household income is $30,000.