Calculate the Consumers’ Surplus if the demand equation is p = 20 − 2q 1/3 and the unit price is set at ¯p = 12. (10 pts)

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Q: Is the rate of change in cost constant with respect to the number of pencils bought? Explain.

A: Yes, the rate of change of cost is constant with the rate of change of pencil.

Q: 6.) The production of steel by a factory reached P(t) = 500t + 2t² + 20ln (t + 1) tons of steel t…

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Q: Find the consumers’ surplus at a price level of ?̅= $150 for the price demand equation ?(?) = 400 −…

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Q: Find the consumers' surplus for a product if the demand function is given by D(x)=750(6+x)^-1 and…

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Q: 2. As a regular factory worker, a man receives a fixed salary of Php6,000 monthly. He augments his…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

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Q: Find the consumers' surplus (to the nearest dollar) at a price level of p = $2.083 for the…

A: Consumer surplus, CS =∫0x D(x) - p  dx

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Q: In 1997, researchers at Texas A&M University estimated the operating costs of cotton gin plants of…

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Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.