Find the producer surplus for a commodity with a demand function p = 12 / x + 1 and a supply function p = 1 + 0.2x.

Q: A particular commodity has a price-supply equation give by p=375(1.034)x, where x is the number of…

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Q: The function qd = f(p) = 180,000 – 30p is a demand function where price is stated in rupees.…

A: Given,  The demand function fp=180,000 - 30p, Where price is stated in rupees, To find the…

Q: The demand function for a firm’s product is P = 12 – 2Q. At what Q does the firm maximize total…

A: To find the revenue function R, multiply the demand function P by the quantity Q.…

Q: Suppose the demand function for red sprockets is given by p(q)=−3q+1400 where p(q) is in dollars and…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Find the price that will maximize profit for the demand and cost functions, where p is the price, x…

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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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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.