# surplus

1. ### Consumers' and producers' surplus

Consumers' and producers' surplus The quantity x demanded per week, in units of a hundred, of a certain product is related to the unit price p (in dollars) by the relation p= âˆ’0.01x^2âˆ’0.4x+249 The quantity x, in units of a hundred, that the supplier is willing to make available in...
2. ### Consumers' Surplus

Demand for digital camcorder tapes The demand function for a certain brand of blank digital camcorder tapes is given by p= âˆ’0.01x^2âˆ’0.3x+22 where p is the wholesale unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. Determine the...
3. ### consumer surplus

Assume the demand function for basketballs is given by QD = 150 - 3P + .001I, where P = price of a basketball and I = average income of consumers. a) If the income is 30000 I want o find when the quantity is 0 and b) For the price 20, I want to find the consumer surplus Could you...
4. ### Consumer's surplus

Q. The demand & supply functions respectively are: P_d = (6-x)^2 & P_s = 14+x Find the consumer surplus if the demand and price are determined under perfect competition. I tried to solve this problem as follows:- Under perfect competition, the equilibrium condition is...
5. ### consumer/ supply surplus!

My professor reopened the homeoworks for my class which i can get a B if i do all of them! here's one that's giving me problems. The demand function for a certain make of replacement cartridges for a water purifier is given by the following equation where p is the unit price in dollars and x...
6. ### 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?
7. ### Consumer and Producer Surplus

Alright so I'm having some trouble with consumer and producer surplus. The problem however, is not the math but the interpretation of the answer. I already solved the problem but the last part of the answer is to tell what it means. The answer to the problem is, consumer surplus is equal to -9...