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May 30th, 2013, 07:41 AM   #1
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Producer/Consumer Surplus

So I did this question and I thought my answers were right but I didn't get any marks for this question and I was wondering why.
My CS was: 32.28
My PS was: 33

Can somebody do the question and post what they got?
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May 30th, 2013, 09:14 AM   #2
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Re: Producer/Consumer Surplus

I have no idea how you got "CS= 32.28" and "PS= 33". Those are so far off (I got one digit integer values) I am concerned that you just want someone to do the problem for you and just made up those numbers.

Please show HOW you did the problem yourself.
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May 30th, 2013, 09:10 PM   #3
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Re: Producer/Consumer Surplus

Quote:
Originally Posted by HallsofIvy
I have no idea how you got "CS= 32.28" and "PS= 33". Those are so far off (I got one digit integer values) I am concerned that you just want someone to do the problem for you and just made up those numbers.

Please show HOW you did the problem yourself.

I found both integrals, then used the CS/PS formula.

D integral=30ln(q+2)+6q
S integral= 3(p-1)^(4/3)

etc etc

Also, this question was on a test I did, hence why I said I didn't get any marks.
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