Find the equilibrium price and the consumers' and producers' surplus at that priceQuestionGiven the price-demand and price-supply equations below, find the producers' surplus at theequilibrium price level.D(x) = p= 18 – 0.025xS(x) =p=4+ 0.025¤Round your answer to the nearest units. Do not include a dollar sign or any commas in youranswer.Provide your answer below:FEEDBACKMORE INSTRUCTION

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Answered: Find the equilibrium price and the…

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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The equilibrium price is the price where the supply and demand are the same. In the figure below, the supply curve is in red and the demand curve is in blue. 1000 800 600 400 + 200 0 - 2 4 Price per item (dollars) Use this graph to estimate the equilibrium price. $ 1000 How many items are supplied at the equilibrium price? X items Number of items
5. The students in Suzanne's school are painting a rectangular mural outside the building that will be 15 feet by 45 feet. A. Write the unit rate for the proportional relationship between lengths on the mural y and lengths in the scale drawing x. 6. The students at Suzanne's school are also going to paint a smaller mural inside the building. A scale drawing of the mural is shown on the grid. IT B. MP Model with Mathematics Write an equation that relates x and y. The diagonal of the scale drawing is approximately 6.3 units. Estimate the length of the diagonal of the mural. A. Redraw the inside mural on the grid using a scale of 1 unit:1 foot. A Ⓒ Houghton
Compare Rates in Context Feb 04, 12:35:28 PM Two friends, Ethan and Henry, took summer jobs. The equation y Ethan's earnings in dollars and cents, y, for working x hours. The table below represents Henry's earnings in dollars and cents, y, for working x hours. 21x represents Henry's Earnings Hours (x) Earnings (y) $50 $125 8. $200 11 $275 Use the dropdown menu and answer-blank below to form a true statement. Ethan earns $ per hour v than Henry.
Electronic Components The monthly cost of producingx electronic components is C(x) = 2.15x + 2350.a. Find the monthly average cost function.b. Find the average cost for the production of 100components.
Calculus Question
Gas mileage actually varies slightly with the driving speed of a car (as well as with highway vs. city driving). Suppose your car averages 29 miles per gallon on the highway if your average speed is 48 miles per hour, and it averages 26 miles per gallon on the highway if your average speed is 65 miles per hour. Answer parts (a) and (b) below. a. What is the driving time for a 2300-mile trip if you drive at an average speed of 48 miles per hour? What is the driving time at 65 miles per hour? The driving time at 48 miles per hour is hours. (Type an integer or decimal rounded to two decimal places as needed.) The driving time is at 65 miles per hour is (Round to two decimal places as needed.) b. Assume a gasoline price of $4.43 per gallon. What is the gasoline cost for a 2300-mile trip if you drive at an average speed of 48 miles per hour? What is the gasoline cost at 65 miles per hour? The gasoline cost at 48 miles per hour is $ (Round to two decimal places as needed.) hours. The…

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