What is the consumers surplus

Assignment Help Other Engineering
Reference no: EM131798781

In Problem p and C are in dollars and x is the number of units.

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

Reference no: EM131798781

Questions Cloud

What is the probability that a transmission chosen at random : Warranties A transmission repair firm that wants to offer a lifetime warranty on its repairs has determined that the probability density function.
Find the present value and future value of this chain : The income from an established chain of laundromats is a continuous stream with its annual rate of flow at time t given by f(t) = 630,000 (dollars per year).
Find the present value and future value of this agency : Find the present value and future value of this agency over the next 12 years, if money is worth 8% compounded continuously.
Unrestricted models needed to conduct the test : You wish to test whether the slope coefficients ß1 and ß3 are jointly significant. Define the restricted and the unrestricted models needed to conduct the test.
What is the consumers surplus : The demand function for a certain product is p = 100/(1 + 2x). If the equilibrium quantity is 12 units, what is the consumer's surplus?
Define the restricted and the unrestricted models : You wish to test whether the slope coefficients ß1 and ß3 are statistically different from each another. Define the restricted and the unrestricted models.
Explain the organization you have chosen : Explain the organization you have chosen. Include the name and a short description of the organization's products or services.
Find the equilibrium point and the consumers surplus : The demand function for a product is p = 49 - x2 and the supply function is p = 4x + 4. Find the equilibrium point and the consumer's surplus there.
Show the capital value of the stream : Capital value suppose that a continuous income stream has an annual rate of flow at time t given by f(t) = A, where A is a constant.

Reviews

Write a Review

Other Engineering Questions & Answers

  Characterization technology for nanomaterials

Calculate the reciprocal lattice of the body-centred cubic and Show that the reciprocal of the face-centred cubic (fcc) structure is itself a bcc structure.

  Calculate the gasoline savings

How much gasoline do vehicles with the following fuel efficiencies consume in one year? Calculate the gasoline savings, in gallons per year, created by the following two options. Show all your work, and draw boxes around your answers.

  Design and modelling of adsorption chromatography

Design and modelling of adsorption chromatography based on isotherm data

  Application of mechatronics engineering

Write an essay on Application of Mechatronics Engineering

  Growth chracteristics of the organism

To examine the relationship between fermenter design and operating conditions, oxygen transfer capability and microbial growth.

  Block diagram, system performance and responses

Questions based on Block Diagram, System Performance and Responses.

  Explain the difference in a technical performance measure

good understanding of Mil-Std-499 and Mil-Std-499A

  Electrode impedances

How did this procedure affect the signal observed from the electrode and the electrode impedances?

  Write a report on environmental companies

Write a report on environmental companies

  Scanning electron microscopy

Prepare a schematic diagram below of the major parts of the SEM

  Design a pumping and piping system

creating the pumping and piping system to supply cool water to the condenser

  A repulsive potential energy should be a positive one

Using the data provided on the webvista site in the file marked vdw.txt, try to develop a mathematical equation for the vdW potential we discussed in class, U(x), that best fits the data

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd