Question

if the demand law is P=85-4x-x^2 and the quantity price is Rs 64 what will be the consumer surplus
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Answer 1

If the demand law is p = 85 - 4x - x^2, find the consumers' surplus if x-0 = 5, and if p_0 = 64. If the demand law is p = 39 - 3x^2, find the consumers' surplus if x_0 = 5/2, and if the commodity in free, that is, p_0 = 0. If the demand law is p = Squareroot 9 - x and the demand is fixed at x-0 = 5, find the consumers' surplus using each of the methods corresponding to Eqs. (4 - 18) and (4 - 19). If the supply law in p = (x + 2)^2 and the price is fixed at p_0 = 25, find the producers surplus, using each of the methods corresponding to Eqn. (4- 20) If the demand curve is the equilateral hyperbola p = 24/(x + 2) and the curve is the parabola p = x^2/4, show by trial that their point of interaction is (4, 4). Find the corresponding consumers' surplus. Draw the appropriate diagram. The quantity demanded and the corresponding price, under pure competition are determined by the demand and supply laws p = 16 - x^2 and p = 4 + x, respectively. Determine the corresponding consumers' surplus and producers' surplus. Draw the appropriate diagram.

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