Producers' Surplus The manufacturer of a brand of mattresses will make x hundred units available in the market when the unit price is p = 50 + 90e0.06x dollars. (a) Find the number of mattresses the manufacturer will make available in the marketplace if the unit price is set at $200/mattress. (Round your answer to the nearest integer.) mattresses (b)   Use the result of part (a) to find the producers' surplus if the unit price is set at $200/mattress. (Round your answer to the nearest dollar.) $

Q: The supply and demand curves of a product are shown in Figure 6.13. Approximate the difference in…

A: The problem discusses the concept of market welfare or total gains from trade that is shared by the…

Q: In 2020, the annual wage "ceiling for workers aged 62-64 was $18,240 How large of a monthly Social…

A: The annual wage ceiling for workers who belong to the age group of 62-64 is $18,240. The maximum…

Q: The demand function of the company that make hard disk is given by P = D(Q) = 78 – 4Q where P is the…

A: P=78-4Q ‐------- demand equation P = 13 +Q --------- supply equation --------- At equilibrium,…

Q: a) The inverse demand function for taxi-apps is estimated to be p = 100-2Q. If the price increases…

A: A consumer surplus happens when the price that consumers pay for a product or service is less than…

Q: You get a discount on items when you order 500. The price of the item is $10 if you order less than…

A: Economic order quantity is positively related to the annual demand. It means as annual demand rises…

Q: f the supply equation is Q = 80 +9P+0.9P? (a) find the price elasticity of supply if the current…

A: Price elasticity of supply measures the responsiveness to the supply of a good or service after a…

Q: 4) In the fourth setup there are only two firms, but both of them provide both types of car. You…

A: Given Information                   Demand curveP0 = 250 - Q0 - Q1/2P1 = 120 - Q1 -Q0/2 Cost…

Q: A company has established that the relationship between the sales price for one of its products and…

A: Profit refers to the financial gain that results from the difference between the total revenue…

Q: Marginal Revenue for an Apartment Complex Lynbrook West, an apartment complex, has 100 two-bedroom…

A: When one extra unit is sold in the market, the seller earns extra revenue and that addition to the…

Q: Montresor Fortunato's PED for amontillado (a pale dry sherry) is known to be 1.78 when price is…

A: PED, price elasticity  of demand is a measure that captures the  responsiveness of a goods quantity…

Q: You’ve been given a firm’s production and cost functions: p = 132 −2q MC = 12 + 4q (a) Assume this…

A: Equilibrium is where demand equals supply.  In a competitive market,  Equilibrium is where price…

Q: (a) The new PlayBox gaming consoles retail for $900 each. However, a shortage of consoles caused by…

A: Profit is the excess income earned by the producer which is left after paying off all the expenses…

Q: The supply and demand functions of a company are P = In(Q+3) and P = In (56) — In(Q+2),…

A: Equilibrium point is achieved at the point where supply of a product is equal to its demand .

Q: In this problem, p is in dollars and x is the number of units. The demand function for a product is…

A: Equilibrium of market is achieved when demand for goods and services are equal to supply for goods…

Q: Alan buys a basket of apples on sale for $7 before tax.  The sales tax is 12.5%.  What is the…

A: Before the tax sale price of apples = $7 Sale tax = 12.5% The total tax would be 12.5% of $7

Q: The demand function for a crrtain product is giving by p=500+1000/(Q+1). where p is tje price and q…

A: The demand function represents how much the quantity of good will be purchased by the consumer at…

Q: The utility function of a consumer is u = √x + 2y. (a) Show mathematically that the rise of Px will…

A: A utility function is a mathematical representation used in economics and decision theory to…

Q: An ad in the newspaper is offering 25% off ski lift tickets at Big Bear. The original tickets cost…

A: Good = Ski tickets Original price of ticket = $60 Discount on ticket = 25%

Q: urgent i will 10 upvotes.

A: The objective of the question is to find the number of unsold seats that will produce the maximum…

Q: How did the COVID-19 pandemic impact the meal delivery industry and Blue Apron's ability to compete?…

A: FEEL FREE TO ASK FOR CLARIFICATIONS.

Q: (d) If the point in (c) is the market equilibrium point where the supply is known to have constant…

A: "As stated by the client, I am providing answer to only part D". Car is a normal good and public…

Q: The success of small and medium enterprises to the extent depends on location and layout

A: Plant location is a place where the company brings all the materials, machines, equipment and labor…

Q: An oil-producing country estimates that the demand for oil (in millions of barrels per day) is D(p)…

A: Price elasticity of demand measures the magnitude of change in the quantity demanded for a good due…

Q: Lukanga Water has been providing water services in the Central Province for more than 20 years.…

A: Profit maximising level of output for a firm is at the point where marginal revenue (MR) equals…

Q: i will 10 upvotes

A: The objective of the question is to find the number of unsold seats that will produce the maximum…

Q: suppose that a consumer has a utility function U(x,y) = x1/3 y2/3 At the point (x,y) = (4,7) in…

A: The utility function is given as: U(x,y) = x1/3 y2/3

Q: The demand function for a product marketed by a company is p = (80-D) / 4, where Dis the number of…

A: Answer- Need to find- Value of for which revenue is max. Given in the question- P = (80-D)/4 4P +D =…

Q: Producers' and Consumers' Surplus Let the supply function for a specific product be S(q) = 2q² + 30q…

A: Producer's and consumer's surplus stand as crucial economic notions. Producer's surplus signifies…

Q: When sold for $260,000.00, Ferraris have an annual supply of 6431 vehicles and an annual demand of…

A: The information of price and quantities are given as follows: Where, P1 = 260000P2 = 276000Qd1 =…

Q: A company fnds that if they price their product at 25 dollars, then they can sell 540 items of it.…

A: Given; Price of the product; P1=$25Quantity; Q1=540Increase in price of the product will decrease…

Q: Please show your logic of how you would determine what the P (Price) of the new system should be.…

A: Probability of system crash (p) 1%=0.01 20%=0.2   Cost of a system crash (C) ∈100,000…

Q: On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when…

A: The total receips collected from the sale of goods at the market price is known as the total…

Q: e) 14- From the following comparisons of mutually exclusive alternatives, decide which one should be…

A: Given information There are 4 projects given A,B,C and D MARR=11% Project IRR A 14.1 B 11.7…

Q: None

A: QUESTION D: To find the order quantity (q) that results in the minimum annual cost and to determine…

Q: Total economic profit is highest when the recycling production method is When the chemical lab uses…

A: Environmental economics is about understanding how we can balance the needs of our economy (like…

Q: A product's price falls from £2.40 to £2. What percentage change does this represent? a) -40% b)…

A: The objective of this question is to calculate the percentage change in the price of a product that…

Q: If the cost function of Example 4 is changed to C = 20 + 15Q + Q (a) Find the new marginal-cost…

A: When we are trying to find a minimum of a function f, we do f' = 0. This could give us a minimum or…

Q: If the price is 600, the demand is 30, and the unit cost of a computer per day is 55, the profit is…

A: To solve all the problems, remember the formulasProfit = Total revenue (TR) - total cost (TC)TR =…