Suppose that the supply function of some commodity is S(q) = q +5q+100 , andthe demand function for the quantity is D(q) = 350-q² . Find the consumers' surplus. Pleaseshow all integration by hand, though you can use fnlnt to check your answer.

Cosnumer surplus= q∗∫0d(q)dq−p∗q∗

Suppose that the supply function of some commodity is S(q) = q +5q+100 , and the demand function for the quantity is D(g) =350-q² . Find the consumers' surplus. Please show all integration by hand, though you can use fnlnt to check your answer.

Suppose that the supply function of some commodity is S(q) = q +5q+100 , and the demand function for the quantity is D(g) =350-q² . Find the consumers' surplus. Please show all integration by hand, though you can use fnlnt to check your answer.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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