QUESTION 1
Find the consumer’s surplus at Q=10 for the demand function
P = 63 – 6Q
CS=
Simplify your answer as needed.
QUESTION 2
Find the consumer’s surplus at Q=5 for the demand function
P = 229 – 9Q^2
(the above is P= 229 – 9Q (to the power of 2)
CS=
Simplify your answer as needed.
QUESTION 3
Find the consumer’s surplus at P=5 for the demand function
P= 15/√Q
(the above is P = 15 over the square root of Q
or 15 is the numerator and the square root of Q is the denominator)
CS=
Simplify your answer as needed.
QUESTION 4
Find the producer’s surplus at Q=2 for the supply function
P = 34 + 8Q
PS=
Simplify your answer as needed.
QUESTION 5
Find the producer’s surplus at Q=9 for the supply function
P = 15 √Q + 75
(the above is P= 15 the square root of Q + 75.
PS=
Simplify your answer as needed.
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