What is the producers surplus there

Assignment Help Other Engineering
Reference no: EM131798765

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

Suppose that the supply function for a good is p = 4x2 + 2x + 2. If the equilibrium price is $422 per unit, what is the producer's surplus there?

Reference no: EM131798765

Questions Cloud

Simple linear regression based : In a simple linear regression based on 30 observations, the following information is provided: y = -6.92 + 1.35x and se = 2.78. Also, se(y0) evaluated at x = 30
Review problem of the capital value : Capital value suppose that the output of the machinery in a factory can be considered as a continuous income stream with annual rate of flow at time.
Determining the sample regression equation : In a multiple regression with 40 observations, the following sample regression equation is obtained: y = 12.8 + 2.6x1 - 1.2x2 with se = 5.84.
Identify and discuss why the above situation represents risk : By applying auditing knowledge, identify the main account or group of accounts affected by this risk in the audit plan
What is the producers surplus there : Suppose that the supply function for a good is p = 4x2 + 2x + 2. If the equilibrium price is $422 per unit, what is the producer's surplus there?
Difference in the widths of intervals : Comment on the difference in the widths of these intervals.
Find the capital value of the business : Capital value a business has a continuous income stream with an annual rate of flow at time t given by f(t) = 56,000e0.02t (dollars per year).
Discuss how annual reports can silence injustices : annual reports rely upon silencing of injustices in order to make profit appear to be an un-problematic
How much would profits per unit increase or decrease : A supervisor would have to be hired to oversee production of the starters. How much would profits per unit increase or decrease as a result of making starters

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