A) Given the demand function Pd=339 – 3q and supply function Ps=(3q + 3)² Find the equilibrium quantity and price first and then find the consumer surplus. (Hint: at equilibrium supply3Ddemand) B) Marginal Revenue MR=42-20-Q? Find total revenue and average revenue AR when C=25 3 c) Rate of net investment = 1l20t4 find the total investment K when Ko=35.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question

answer fast i will give u vote. a,b,c all part

4. A) Given the demand function Pd=339 – 3q² and supply function Ps=(3q + 3)2
Find the equilibrium quantity and price first and then find the consumer surplus. (Hint: at
equilibrium supply3Ddemand)
B) Marginal Revenue MR=42-2Q-Q2
Find total revenue and average revenue AR when C=25
3
c) Rate of net investment = 120t4 find the total investment K when Ko=35.
Transcribed Image Text:4. A) Given the demand function Pd=339 – 3q² and supply function Ps=(3q + 3)2 Find the equilibrium quantity and price first and then find the consumer surplus. (Hint: at equilibrium supply3Ddemand) B) Marginal Revenue MR=42-2Q-Q2 Find total revenue and average revenue AR when C=25 3 c) Rate of net investment = 120t4 find the total investment K when Ko=35.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education