The supply curve for product X is given by QXS = -300 + 10PX . a. Find the inverse supply curve. P = ___ + ___ Q b. How much surplus do producers receive when Qx = 300? When Qx = 800? When QX = 300: $ ___ When QX = 800: $ ___
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The supply curve for product X is given by QXS = -300 + 10PX .
a. Find the inverse supply curve.
P = ___ + ___ Q
b. How much surplus do producers receive when Qx = 300? When Qx = 800?
When QX = 300: $ ___
When QX = 800: $ ___
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- 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?The supply curve for product X is given by Qx= -340 + 10PX. a. Find the inverse supply curve. P = + Q b. How much surplus do producers receive when Qx= 350? When Qx = 1,000? %D When Qx= 350: $ When Qx= 1,000: $
- The supply curve for product X is given by QXS = -520 + 20PX. a. Find the inverse supply curve. P= Q h. How much surplus de procThe supply curve for product X is given by QX=-380+ 20PX a. Find the inverse supply curve. Pa 10 b. How much surplus do producers receive when Qx=460? When Qx-1,100? When Qx 460: $[ When Qx 1,100: $The demand function for a certain product is? = 86 − ?2and the supply function is? = ?2 + 6? + 30where p is in millions of dollars and x is the number of thousands of units. Find the equilibriumpoint (x, p), then find the consumer’s surplus and producer’s surplus. Round your answer to thenearest unit (the nearest million dollars).
- A firm's inverse supply for a good is given by p = 4.00 + (4.00 × q). Assuming that there are enough buyers to meet the firm's supply, if the per-unit price increases from p = 18.00 to p = 23.50, what is the firm's change in producer's surplus? (Round to the nearest two decimals if necessary.) 2nd attempt A firm's inverse supply for a good is given by p = 4.00 + (4.00 × q). Assuming that there are enough buyers to meet the firm's supply, if the per-unit price increases from p = 18.00 to p = 23.50, what is the firm's change in producer's surplus? O 19.99 (Round to the nearest two decimals if necessary.) 1st attempt A firm's inverse supply for a good is given by p = 4.00 + (4.00 × q). Assuming that there are enough buyers to meet the firm's supply, if the per-unit price increases from p = 18.00 to p = 23.50, what is the firm's change in producer's surplus? O 15.47 (Round to the nearest two decimals if necessary.)3. Find the consumer's and producer's surplus: Supply: p=14.4+ .3g- .001q² Demand: p=160-2q+.005q²A “Spider-man" DVD is worth $30 to Marcus. But he buys one on sale for just $15. What is the consumer surplus that results from Marcus's purchase? $10 $25 $15 Incorrect cannot be determined from the information given Incorrect. $40