Suppose the demand function for a product is given by the function: D(g) 0.017q+68 Find the Consumer's Surplus corresponding to q = 1,400 units. (Do no rounding of results until the very end of your calculations. At that point, round to the nearest tenth, if necessary. It may help you to sketch the demand curve, which crosses the horizontal at q = 4,000.) dollars Answer:

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Suppose the demand function for a product is given by the function:
D(g) =
0.017q+68
Find the Consumer's Surplus corresponding to q = 1, 400 units.
(Do no rounding of results until the very end of your calculations. At that point, round to the nearest tenth,
if necessary. It may help you to sketch the demand curve, which crosses the horizontal at q = 4,000.)
dollars
Answer:
Find the present value of a continuous income stream F(t) = 20 + 6t, where t is in years and F is in
thousands of dollars per year, for 25 years, if money can earn 2.1% annual interest, compounded
continuously.
Present value =
thousand dollars.
Transcribed Image Text:Suppose the demand function for a product is given by the function: D(g) = 0.017q+68 Find the Consumer's Surplus corresponding to q = 1, 400 units. (Do no rounding of results until the very end of your calculations. At that point, round to the nearest tenth, if necessary. It may help you to sketch the demand curve, which crosses the horizontal at q = 4,000.) dollars Answer: Find the present value of a continuous income stream F(t) = 20 + 6t, where t is in years and F is in thousands of dollars per year, for 25 years, if money can earn 2.1% annual interest, compounded continuously. Present value = thousand dollars.
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