This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose the equation for the demand curve is P = 26 2.25Qd. What is the consumer surplus when P=$2.50? (Read 141 times)

bryantpr01

  • Full Member
  • ***
  • Posts: 166
on: Nov 23, 2022

Question 1

Consumer Surplus and the Demand Curve

The graph shows the market demand for sweaters.

If P1=$4, P2=$90, Q1=610, and Q2=2380, what is the consumer surplus?
◦ $1220
◦ $52,460
◦ $2440
◦ $26,230

Question 2

Suppose the equation for the demand curve is P = 26 – 2.25Qd. What is the consumer surplus when P=$2.50?
◦ $245.44
◦ $122.72
◦ $13.06
◦ $271.56
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by bryantpr01 on Nov 23, 2022

KeriJennin

  • Full Member
  • ***
  • Posts: 166
    • https://anestencreams.com
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


bryantpr01

  • Member
  • Posts: 166
Reply 2 on: Nov 23, 2022
Excellent

CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

A Receiver-Operating-Characteristic (ROC) Curve A Receiver-Operating-Characteristic (ROC) Curve
How to find the equation of a cosine curve How to find the equation of a cosine curve
How to fully analyze the standard and factored form of a quadratic equation (Question 1) How to fully analyze the standard and factored form of a quadratic equation (Question 1)
Hockey stick” curve Hockey stick” curve
Solve the following Logarithmic equation, if log(x-y/3)=1/2(logx+logy), Solve the following Logarithmic equation, if log(x-y/3)=1/2(logx+logy),
Algebraically solve the equation sec^2 θ-2=0 such that -π ≤ θ ≤ π Algebraically solve the equation sec^2 θ-2=0 such that -π ≤ θ ≤ π
Video: Simple and Double Sugar

For a complete list of videos, visit our video library