(1 point) Find producer's surplus at the market equilibrium point if supply function is p = 0.8x + 3 and the demand function is p = 150.4 +8 Answer:

Q: pply f

A: Given : QDX = 10 – 2PX QSX = PX − 2

Q: The demand function is given as:- 3Q - 15 = P And the supply function is  30 - 6Q = P Calculate…

A: We are given that the demand function is:- 3Q - 15 = P And the supply function is :- 30 - 6Q = P We…

Q: The demand function for a good is Q = 650-5P while the supply functions is Q=-100+10P. Graph the…

A: The given information: Demand function Q=650-5P Supply function Q=-100+10P   Consider P=10, then the…

Q: Price 10 11 12 13 14 15 Quantity Demanded. 482 363 304 241 129 67 Quantity Supplied 62 73 84 91 139…

A: Demand function shows the relationship between price and quantity demanded of the good. Supply…

Q: A company that makes sweatshirts is willing to supply 156 sweatshirts each month if the price is $24…

A: We know that supply function is a function of price.  Given: Supply = 156 when price = 24…

Q: The estimated supply function for avocados is Q = 6 + p/3 - 3f, where f is the price of fertilizer.…

A: Given: Q=6+p/3-3f Where, f=price of fertilizer Note: Due to multiple questions being posted, the…

Q: c) The supply function for a thermal underwear is Qs=-200 +150p. Find the minimum price…

A: Answer: Given, Supply function: Qs=-200+150p P-intercept is the minimum price where the quantity…

Q: The figure represents a supply function with a fixed market price denoted by its corresponding point…

A: Supply function is the numerical portrayal of the association between the amount expected (quantity…

Q: What is the inverse of this supply function?  Qs =P-20

A: The given supplies function:

Q: Lesson 6- Individual and Market Demand Question 1

A: Answer = The missing value is 0.1                    So, the equation is P = 40 -…

Q: The market demand and supply for a good are given by the functions: QD = 200-8P, and QS = 2P-10 i)…

A: Given: The demand function is: QD = 200 - 8P The supply function is: QS = 2P - 10 To Find: The…

Q: 6) The quantity demanded of a certain brand of smart phone is 2000 per week when the unit price is…

A: Demand: Demand for a commodity can be defined as the desire or willingness by a consumer to acquire…

Q: manufacturing business can supply 60 plasma TV sets per month at a price of $280 per set, or sell…

A: As per question, price and demand, such as, 80 units @ $350 120 units @ $300 And the price and…

Q: in the following question you are asked to determine, other things equal, the effects of a given…

A: Substitute goods are those goods, an increase in the price of one good increases the demand for its…

Q: = 1, 500 – 3x² . Find the consumer's surplus if The demand for a particular item is given by the…

A: Answer to the question is as follows :

Q: Find producer's surplus at the market equilibrium point if supply function is 96 p = 0.4x + 4 and…

A: The producer surplus is 37.13.

Q: Given: (x is number of items) Demand function: d(x) = 743.6-0.5x² Supply function: s(x) = 0.6x² Find…

A: For consumer surplus we have to integrate demand function from zero to equilibrium quantity

Q: The market demand function for ice cream cones is Qd = 19.5 – 3.5P. The market supply function for…

A: here we calculate the equilibrium price and quantity in the market for ice cream cones which are as…

Q: A retail chain will buy 700 cordless phones if the price is $40 each and 500 if the price is $50. A…

A: Equilibrium is a fluctuating situation where market adjustment occurs. Pricing is determined by the…

Q: Find the demand function

A: Given: MR = 20e-q

Q: Suppose the market for banana bread is perfectly competitive, so sellers take the market price as…

A: Produce surplus is the difference between the price at which the supplier is willing to sell a…

Q: Suppose consumers will demand 40 units of a product when the price is RM12.75 per unit and 25 units…

A: Here, two points of demand curve is given using which one can find the demand equation.

Q: QUESTION 1 Given a demand curve of P = 191 - 4Qd and supply of P = 61 + 1Qs, find the equilibrium…

A: The demand curve shows an inverse relationship between price and quantity demanded, ceteris…