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İf the supply curve is q = 3 + 1.5p, what is the
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- If the supply curve is q = 3 + 1.5p, what is the producer surplus if the price is 12?The supply curve for product X is given by QXS = -400 + 10PX .a. Find the inverse supply curve.P = b. How much surplus do producers receive when Qx = 500? When Qx = 1,250?When QX = 500: ?When QX = 1,250: ?The supply curve for product X is given by Qxs = −520 + 20 Px . a. Find the inverse supply curve. b. How much surplus do producers receive when Qx = 400? When Qx = 1,200?
- consider the inverse demand and supply for apples to be given by P=30-3Qd and P=6+Qs. the total surplus in this competitive market is ______. where______ is due to the producers. a) $50, 50% b) $54, 80% c) $18, 75% d) $72, 25%Suppose that the demand for Prada scarves is given by Q = 53 - P and the supply of these scarves is given by Q = 2P – 10. Calculate consumer surplusIf the supply curve is q = 4 + 2p, what is the producer surplus if the price is p = 12? Producer surplus (PS) equals $ |: (Enter your response as a whole number.)
- Given a demand curve of P = 119 - 9Qd and supply of P = 22 + 2Qs, please calculate consumer surplus, assuming this is the output marketThe price-demand equation for a particular flashlight is given by p = 118 - 0.002x, where x is the number of flashlights demanded when the price is p dollars each. The flashlight manufacturers will produce no flashlights if the price is $79 or less, and they will market 5,500 flashlights when the price is $101 per flashlight. (Assume the price-supply equation is linear.) (a) Find the consumers' surplus for this commodity. $ (b) Find the producers' surplus for this commodity. $The supply curve for product X is given by QXS = -300 + 10PX .a. Find the inverse supply curve.P = ___ + ___ Qb. How much surplus do producers receive when Qx = 300? When Qx = 800?When QX = 300: $ ___When QX = 800: $ ___
- Imagine the demand function for apples is: QD = 24 - 4PD If the market price for apples is $3, what is the consumer surplus?in a competitive market, if there should be a surplus of a product at a given price:1.3 If the inverse demand function for radios is - p= a bq, what is the consumer surplus if the price is a/2? M *