Oct 16, 2017 term paper 2

Find the producer’s surplus at Q=2 for the supply function P = 34 + 8Q PS=?

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Find the consumer’s surplus at Q=10 for the demand function P = 63 – 6Q, CS=?

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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