answer 4 only next x years is R(x) = 19 x where x = [0,6]. The annual interest rate is 12% compounded continuously.332.5Рp-10.01s) Suppose that the direct demand and direct supply functions are q = -1 and q = respectively (where qis quantity and p is price). Show that the equilibrium price and quantity are 1.25 and 25, respectively. Using integral,determine the consumer, producer and social surplus.4Suppose that the inverse demand and supply functions are p = 200- x² and p = x² + 38, respectively (wherex is quantity and p is price). Using integral, determine the consumer, producer and social surplus.

Given Inverse demand function: p=200-x2 .... (1) Inverse supply function: p=x2+38 p…

4 Suppose that the inverse demand and supply functions are p = 200- x² and p = x² + 38, respectively (where x is quantity and p is price). Using integral, determine the consumer, producer and social surplus.

4 Suppose that the inverse demand and supply functions are p = 200- x² and p = x² + 38, respectively (where x is quantity and p is price). Using integral, determine the consumer, producer and social surplus.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter17: Capital And Time

Section: Chapter Questions

Problem 17.2P

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