Find the consumer surplus at the equilibrium point.29) D(x) = 5x +2; x = 0A) $2B) $5Find the future value P of the amount Po invested for tinC) $73D) $0

Let D(x) be the demand function . Then the consumer surplus…

Answered: Find the consumer surplus at the…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Similar questions

What is the Market equilibrium point of the 2 functions? x-y+1=0 and 6x+10y-42=0 a.) (2,3)b.) (-3,2)c.) (3,2)
a. find the equilibrium point (both the p and q) b. find new equilibrium point with a $0.40 tax imposed on the suplier (both p and q)
3. 8000 tickets are sold when the price is $25 per ticket. When the price is $30, 7500 tickets are sold. Everyone at the event spends $5 on concessions. a) showing your work. Find the linear price equation for tickets and set up a table of (x,y) values b) Find the best price to maximize the total revenue.
Sherwin Williams has determined the demand of functions for interior white paint to be p + .75q= 60, where p is price in dollars per gallon and q is the number of gallons sold. The supply function for interior white paint is p=.85q. What price p gives market equilibrium? A) $37.50 B) $31.88 C) $600 D) $30 E) $38
Exercise is attached. p = price q = quantity Thanks a lot :)
32. A hardware company sells a lot of low-cost, highvolume products. For one such product, it is equallylikely that annual unit sales will be low or high. Ifsales are low (30,000), the company can sell theproduct for $20 per unit. If sales are high (70,000),a competitor will enter and the company will be ableto sell the product for only $15 per unit. The variablecost per unit has a 20% chance of being $10, a 60%chance of being $11, and a 20% chance of being $12.Annual fixed costs are $20,000.a. Use simulation to estimate the company’s expectedannual profit.b. Find a 95% interval for the company’s annualprofit, that is, an interval such that about 95% ofthe actual profits are inside it.c. Now suppose that annual unit sales, variable cost,and unit price are equal to their respective expectedvalues—that is, there is no uncertainty. Determinethe company’s annual profit for this scenario.d. Can you conclude from the results in parts a and cthat the expected profit from a simulation is…

Recommended textbooks for you

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Basic Technical Mathematics

Advanced Math

ISBN:

9780134437705

Author:

Washington

Publisher:

PEARSON

Topology

Advanced Math

ISBN:

9780134689517

Author:

Munkres, James R.

Publisher:

Pearson,

SEE MORE TEXTBOOKS

Find the consumer surplus at the equilibrium point. 29) D(x) = 5x +2; x = 0 A) $2 B) $5 C) $7 D) $0