Total Surplus The sum of consumer surplus and producer surplus is called the total surplus; it is one measure economists use as an indicator of the economic health of a society. Total surplus is maximized when the market for a good is in equilibrium. A camera company estimates that the demand function for its new digital camera is and the supply function is estimated to be here is measured in thousands. Compute the maximum total surplus.

Answers

Answer 1

The total surplus at the equilibrium point is: $200,000

This is the maximum total surplus that can be achieved in the market for the digital camera.

To compute the maximum total surplus, we need to find the equilibrium quantity and price in the market for the digital camera, and then calculate the consumer and producer surplus at that point.

First, we need to set the demand and supply functions equal to each other to find the equilibrium quantity:

50 - 2P = 2P - 10

4P = 60

P = 15

Substituting this equilibrium price into either the demand or supply function, we can find the equilibrium quantity:

Q = 50 - 2(15) = 20

So the equilibrium price is $15, and the equilibrium quantity is 20,000 digital cameras.

Next, we can calculate the consumer and producer surplus at the equilibrium point. Consumer surplus is the difference between the maximum price a consumer is willing to pay for a good and the market price, summed over all consumers in the market. Producer surplus is the difference between the market price and the minimum price a producer is willing to accept for a good, summed over all producers in the market.

The demand function gives us the maximum price consumers are willing to pay for each quantity of digital cameras:

P = 25 - 0.5Q

So at the equilibrium quantity of 20,000 digital cameras, the maximum price consumers are willing to pay is:

P = 25 - 0.5(20) = 15

This is exactly the same as the market price, so there is no consumer surplus at the equilibrium point.

The supply function gives us the minimum price producers are willing to accept for each quantity of digital cameras:

P = 0.5Q - 5

So at the equilibrium quantity of 20,000 digital cameras, the minimum price producers are willing to accept is:

P = 0.5(20) - 5 = 5

The market price is $15, so the producer surplus is:

(15 - 5) * 20 = $200,000

Therefore, the total surplus at the equilibrium point is:

$200,000

This is the maximum total surplus that can be achieved in the market for the digital camera.

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Related Questions

Can somebody help me on this please? I can’t tell of its side-angle-side or side-side-side that stands for sas or sss.

Answers

Answer: SSS (Side- Side- Side) Congruence Postulate

Step-by-step explanation:

PLEASE ANSWER!!
Solve the equation by writing a​ linear-quadratic system and solving using the intersection feature of a graphing calculator.

Answers

The value of x where both curve and line intersect with each others are -0.44 and 1.69

Using the linear-quadratic system, both curve and line are intersecting in 2 points where:

f(x) = g(x)

8x2 - 13x + 8 = 14 - 3x

8x2 - 10x - 6 = 0

We will use the ABC theorem, where:

x = -b ± √(b2 - 4ac)

               2a

x = - (-10) ± √((10)2 - 4(8)(-6))

                  2(8)

x = 10 ± √(100 + 192)

             16

x = 10 ± 2√73

           16

x1 = 10 - 2√73  = -0.44

           16

x2 = 10 + 2√73 = 1.69

             16

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4) While designing a new dessert menu, the manager of a restaurant offered customers a
coupon in exchange for completing a brief survey about their favorite desserts. 20 of the
customers accepted the offer.
) Is this a random sample of the restaurant's customers?

YES/NO

Answers

This is not a random sample of the restaurant's customers.

Why is this not a random sampling ?

The offer of a coupon in exchange for completing a brief survey about favorite desserts may bias the sample and result in a non-random sample of the restaurant's customers.

Only those customers who were interested in the coupon may have participated in the survey, which may not be representative of the overall customer population. Additionally, those who chose to participate may have different tastes and preferences compared to those who did not participate.

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This is due tmrw help

Answers

The required values are;

(2). x = 88°

(3). x = 5.

What is the interior angle?

Angles inside a polygon are referred to as interior angles. A triangle, for instance, has three internal angles. Interior angles are sometimes defined as "angles confined in the interior area of two parallel lines when they are crossed by a transversal."

Given:

(2). The exterior angle is 52°.

So, the sum of all the interior angles in the polygon = (5 - 2)180

x + (180 - 52) + 2x + x + 2 + 90 = 560

4x + 208 = 560

4x = 352

x = 88

(3). From the diagram of the triangle,

12x - 20 = 2 (3x + 5)

12 x - 6x = 10 + 20

6x = 30

x = 5

Therefore, the values are x = 88 and x = 5.

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The stem-and-leaf plot displays the distances that a heavy ball was thrown in feet. 2: 0, 2, 5
3: 1, 3, 4
4: 1, 1, 5
5: 0, 6
6: 7
Key: 3|1 means 3.1 What is the mean, and what does it tell you in terms of the problem?
A3.1 feet; The value means the furthest the ball went.
B3.875 feet; The value means that a typical throw of the ball results in 3.875 feet.
C4.1 feet; The value means this measurement had the most occurrences.
D4.65 feet; The value means that a typical throw of the ball results in 4.65 feet.

Answers

The mean of the stem and leaf plot and the meaning of this mean is B. 3.875 feet; The value means that a typical throw of the ball results in 3.875 feet.

How to find the mean ?

To find the mean, add up all the values of feet that the heavy ball was thrown in the air and then divide by the number of times the ball was thrown.

The mean is therefore :

= ( 20 + 22 + 25 + 31 + 33 + 34 + 41 + 41 + 45 + 50 + 56 + 67 ) / 12

= 465 / 12

= 38. 75 ft

This mean is the value that the typical throw of the ball results in.

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Find the equation of the line specified. The slope is 3, and it passes through ( -4, -7). A. Y = 6x + 5 c. Y = 3x - 7 b. Y = 3x + 5 d. Y = 3x - 19.

Answers

The equation represents the line that has a slope of 3 and passes through the point (-4,-7) is Y = 3X - 5.

The equation of a line is a mathematical expression that describes the relationship between the x and y coordinates of any point on the line.

The slope of a line is the steepness of the line and can be calculated by finding the ratio of the change in y to the change in x for any two points on the line. In this case, the slope of the line is 3. The line also passes through the point (-4,-7), which means that we can use this point to find the equation of the line.

To find the equation of the line, we need to use the slope-intercept form, which is given by

=> Y = mX + b,

where m is the slope and b is the y-intercept. To find the y-intercept, we can use the point (-4,-7) and substitute it into the equation:

=> -7 = 3 * -4 + b.

Solving for b, we find that b = -5.

Therefore, the equation of the line is Y = 3X - 5.

So, the correct answer is b. Y = 3x + 5.

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The diameter of a circle is 16 meters. What is the circle's circumference? use 3.14

Answers

Answer:

50.24

Step-by-step explanation:

c=[tex]2\pi R[/tex]=[tex]d\pi[/tex]=16*3.14=50.24

The value of “y” varies directly with “x” If y= 12 then X =4

Solve for K

Answers

Step-by-step explanation:

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Refer to the attached image.

Is the TEAS test hard?

Answers

Answer:

Many test takers have found the Reading and English section to be moderately difficult. However, many TEAS takers vouch that the Science and Math section are more complex and challenging. The timed nature of the exam can be difficult for some.

Step-by-step explanation:

how much 44f to celcius ?

Answers

44 °F was found out to be equivalent to approximately 6.67 °C using conversion formula of Fahrenheit to Celsius.

To convert a temperature from Fahrenheit to Celsius, you can use the following formula:

°C = (°F - 32) x 5/9

where °C is the temperature in Celsius, and °F is the temperature in Fahrenheit.

Using this formula, we can convert 44 °F to Celsius as follows:

°C = (44 - 32) x 5/9

= 12 x 5/9

= 6.67 °C (rounded to two decimal places)

Therefore, 44 °F is equivalent to approximately 6.67 °C.

On the Fahrenheit scale, water freezes at 32 degrees Fahrenheit (°F) and boils at 212 °F, at standard atmospheric pressure.

On the Celsius scale, the freezing point of water is defined as 0 degrees Celsius (°C), and the boiling point of water is defined as 100 °C, at standard atmospheric pressure.

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Which graph represents

(x,y)-pairs that make the equation y = x + 3 true

choose one answer

A

B

C

Answers

The coordinates of equation y is (0, 3), (1, 4) and (3,5).

The graph is attached below.

What does the axes of Graph tells?

The graph's x-axis (horizontal line) should contain the independent variable, and the y-axis should contain the dependent variable (vertical line). At the origin, where the coordinates are, the x and y axes intersect (0,0).

Given:

y= x+ 3.

Now, put x= 0

y= 0+3

y=3

and, x= 1

y= 1+3

y= 4

and, x= 2

y= 2+ 3

y= 5

Thus, the coordinates of equation y is (0, 3), (1, 4) and (3,5).

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The Questions attached here is seems to incomplete, the options for the graph is attached below.

how much 69.9 kg in lbs?

Answers

The weight 69.9 kg is equal to approximately 154.32 pounds. This conversion was done using the formula 69.9 kg x 2.20462 lbs/kg = 154.32478 lbs.

We know that 1 kg is equivalent to 2.20462 pounds, which means that we can convert kilograms to pounds by multiplying the weight in kilograms by the conversion factor 2.20462.

So to convert 69.9 kg to pounds, we can use the following formula:

69.9 kg x 2.20462 lbs/kg = ? lbs

Multiplying 69.9 by 2.20462 gives us:

69.9 x 2.20462 = 154.32478

Therefore, 69.9 kg is equivalent to 154.32478 pounds.

Finally, we can round this result to two decimal places to get:

69.9 kg is approximately equal to 154.32 pounds.

So the final answer is that 69.9 kg is equivalent to approximately 154.32 lbs.

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Please answer quick I’ll give Brainliest!

Answers

Answer:

The answer is B.

The owner's claim is incorrect. Since the highest bar is those that make between $50,000 and $100,000, the average salary would be about $75,000 since that is the mode.

How many 1 1/4cup servings are there in a
bag of trail mix that contains 6 ½ cups of
mix?

Answers

The number of cup servings in a bag of trail mix is 5[tex]\frac{1}{5}[/tex] cups.

What is division?

Math operations include division as one of its types. This technique involves splitting the phrases or numbers into the same amount of components.

Given:

There are 1[tex]\frac{1}{4}[/tex] cup servings in a bag of trail mix.

And a bag of trail mix contains 6 ½ cups of mix.

The number of cup servings in a bag of trail mix is,

= 6 ½ ÷ 1[tex]\frac{1}{4}[/tex]

= 13/2 ÷ 5/4

= 26/5

= 5[tex]\frac{1}{5}[/tex]

Therefore, the required number of cups is 5[tex]\frac{1}{5}[/tex].

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Please solve the radical equation.

Answers

In the Rational Equation, X = 1

Geometry please help

Answers

The value of x in the triangle is 10 units

How to determine the value of x

From the question, we have the following parameters that can be used in our computation:

The triangle

On the triangle, we have the following equivalent ratio

x : 15 = 4 : 6

Express as fraction

So, we have

x/15 = 4/6

This gives

x = 15 * 4/6

Evaluate

x = 10

Hence, the value of x is 10

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The residents of a city voted on whether to raise property taxes the ratio of a yes votes to no votes was 5 to 4 if there were 4923 total votes how many yes votes were there ?

Answers

Answer:

2,735 yes votes

Step-by-step explanation:

First we have too determine the ratio of yes votes to the total number of votes.

We can rationalize thus

If there are 5 yes votes and 4 no votes, the total number of votes = 5+ 4 = 9

So 5/9th of the total votes are yes votes

If the total number of votes = 4923 , number of yes votes = 5/9 x 4923

= 2,735 yes votes       ANSWER

We can check to see if our reasoning is correct:

Total number of no votes = 4923 - 2735 = 2188

Yes votes to Nay votes = 2735 : 2188

As a fraction:
2735 / 2188 = 1.25

1.25 = 1 1/4 = 5/4 which is the ratio of yes to no votes and tallies with the question data

Which expression has the value greater than 1/2

Answers

The expression 1/2 × 5/4 has the value greater than 1/2. Therefore, option D is the correct answer.

What is an expression?

An expression is a combination of terms that are combined by using mathematical operations such as subtraction, addition, multiplication, and division.

Here,

A) 1/2 × 4/5

= 2/5

= 0.4

B) 1/2 × 4/4

= 1/2

= 0.5

C) 1/2 × 5/5

= 1/2

= 0.5

D) 1/2 × 5/4

= 5/8

= 0.625

Therefore, option D is the correct answer.

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"Your question is incomplete, probably the complete question/missing part is:"

Which expression has the value greater than 1/2

A) 1/2 × 4/5

B) 1/2 × 4/4

C) 1/2 × 5/5

D) 1/2 × 5/4

image is the question

Answers

The equation of the context is, 3.5x + 2y = 42 and

The y-intercept is when x = 0, indicating that no funnel cakes were purchased, and the x-intercept is when y = 0, indicating that no deep-fried Oreos were purchased.

What are linear and non-linear functions?

A straight line on the coordinate plane is represented by a linear function. As an illustration, the equation y = 3x – 2 depicts a linear function because it is a straight line in the coordinate plane.

Any function whose graph is not a straight line is said to be nonlinear. Any curve other than a straight line can be a graph of it.

An example of a non-linear function is a quadratic function.

From, The given information the equation can be modeled as,

3.5x + 2y = 42.

The x-intercept is when y = 0 which states no deep fried oreos bought and the y-intercept is when x = 0, states no funnel cakes bought.

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Derive Linear Equations-Quiz-Level H

Answers

The slope of the line is -1/4, So correct option is B.

Describe Slope?

It is defined as the ratio of the change in the vertical coordinate (y) to the change in the horizontal coordinate (x) between any two points on the line or curve. The letter m is typically used to indicate a line's slope.

The formula for the slope of a line between two points (x1, y1) and (x2, y2) is:

m = (y2 - y1) / (x2 - x1)

The slope can be positive, negative or zero, depending on the direction of the line. A positive slope indicates that the line is moving upwards from left to right, while a negative slope indicates that the line is moving downwards from left to right. A slope of zero indicates that the line is horizontal.

The slope of a line passing through two points (x1, y1) and (x2, y2) is given by:

slope = (y2 - y1)/(x2 - x1)

Using the coordinates (-4, 2) and (4, 0), we have:

slope = (0 - 2)/(4 - (-4)) = -2/8 = -1/4

Therefore, the answer is option B, -1/4.

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what are the angles of the square​

Answers

Answer:

90, 90, 90, 90

Step-by-step explanation:

This is because a squares angles are ALWAYS 90

Answer: All 90 degrees

Step-by-step explanation:

As a rule of thumb, altitude corrections of less than 100 feet should be corrected by using A.two bar widths on the attitude indicator. B.less than a half bar width on the attitude indicator. C.less than a full bar width on the attitude indicator.

Answers

As a rule of thumb, altitude corrections of less than 100 feet should be corrected by using "less than a full bar width on the attitude indicator".

C. is the answer.

How should altitude corrections of less than 100 feet be corrected?

The attitude indicator (also known as an artificial horizon) is a key instrument in an aircraft that displays the aircraft's pitch and bank attitude. The instrument typically consists of a gyro that indicates the aircraft's attitude relative to the horizon.

When flying an aircraft, it's important to maintain a specific altitude, and to make adjustments as needed to stay on course. The altitude is typically measured in feet above sea level, and can be affected by a number of factors, such as temperature, pressure, and wind.

As a rule of thumb, altitude corrections of less than 100 feet can be corrected using the attitude indicator by making adjustments that are less than a full bar width on the instrument. This means that the correction is relatively small and does not require a significant adjustment of the aircraft's pitch or bank.

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Find the tangent of the smaller acute angle in a right triangle with side lengths 5, 12, and 13. Write your answer as a fraction.

Answers

The tangent of the smaller acute angle in a right triangle is tanФ = 5/12 taking side 5 as opposite side and 12 as adjacent side.

We know a right-angled triangle has three sides they are -: Hypotenuse,

Opposite and Adjacent or (base and perpendicular)

The Formula of tangent is opposite side/ adjacent side

Given, a right triangle with side lengths 5, 12, and 13.

We can see that largest side i.e., 13 is a hypotenuse of triangle and other two sides are base and perpendicular length.

Tangent taking side 5 as opposite side and 12 as adjacent side

tanФ = 5/12.

Tangent taking side 12 as opposite side and 5 as adjacent side

tanФ = 12/5

so, the  tangent of the smaller acute angle in a right triangle is 5/12.

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Find C. Round to the nearest tenth.

Answers

Answer:

it is 60

Step-by-step explanation:

you add all the numbers than you round it, the number is 0 so it stays the same, hope it helps, murdle

What was the approximate percent increase in consumption from 1986 to 1997?A. 10%B. 20%C. 30%D. 50%E. 80%

Answers

The approximate percent increase in consumption from 1986 to 1997 is 30%.

Percent refers to a ratio or proportion expressed as a fraction of 100. When we talk about the percent increase or decrease of a quantity, we are interested in finding out by how much it has grown or declined relative to its original value.

In this case, we are asked to determine the approximate percent increase in consumption from 1986 to 1997.

To answer this question, we would need to have data on the consumption levels in both years and calculate the difference between the two.

Then, we would divide the difference by the consumption level in 1986 and multiply by 100 to express the result as a percentage.

From the options given, it appears that the closest answer is C, with a 30% increase in consumption.

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Two high schools, A and B, are each trying to raise at least $3,000 for new computers. School A received a $500
donation from the Parents' Club and will sell stuffed bears at $10 each to raise the remaining money. School B received a $1,250 donation from the
Parents' Club and will sell stuffed monkeys for $7.50 each to raise the remaining money.

1) Write an inequality for each school that represents the number of stuffed animals the school must sell to reach their goal.

2) Compare the minimum number of stuffed animals School A and B must sell and determine which school must sell more.

Answers

If Two high schools, A and B, are each trying to raise at least $3,000 for new computers. The inequality  for each school is : x ≥ 250, x ≥ 233.33.

What is the inequality?

1. For School A, the inequality representing the number of stuffed bears they must sell to reach their goal is:

500 + 10x ≥ 3000

10x ≥ 2500

x ≥ 250

Where:

x = number of stuffed bears they must sell.

For School B, the inequality representing the number of stuffed monkeys they must sell to reach their goal is:

1250 + 7.5x ≥ 3000

7.5x ≥ 1750

x ≥ 233.33

Where:

x= number of stuffed monkeys they must sell.

2. To compare the minimum number of stuffed animals each school must sell, we round up the number of stuffed animals for School B to the nearest whole number:

x ≥ 234 for School B

Since 234 > 250, School B must sell more stuffed animals to reach their goal of $3,000.

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how many seconds in 4.571 billion years

Answers

4.571 billion years is equals to  1.4415 × 10⁷ seconds.

To calculate the number of seconds in 4.571 billion years, we first need to determine how many seconds there are in a year. There are 60 seconds in a minute, 60 minutes in an hour, 24 hours in a day, and 365 days in a year. Multiplying these together gives us 31,536,000 seconds in a year.

Next, we multiply the number of seconds in a year by the number of years in 4.571 billion years. This gives us:

31,536,000 seconds/year x 4,571,000,000 years = 1.4415 × 10¹⁷ seconds

Therefore, there are approximately  1.4415 × 10¹⁷ seconds  in 4.571 billion years.

It's worth noting that this calculation assumes a standard year of 365 days. In reality, a year is slightly longer than 365 days, and so the actual number of seconds in 4.571 billion years would be slightly higher. Nonetheless, this calculation provides a good approximation.

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What is the value of 37 degrees c in f?

Answers

The formula for converting Celsius (°C) to Fahrenheit (°F) is °F = (°C × 9/5) + 32. To convert 37 degrees Celsius to Fahrenheit, you must multiply 37 by 9/5 and then add 32.

The calculation is: 37°C × 9/5 = 66.6 and 66.6 + 32 = 98.6°FTherefore, 37 degrees Celsius is equal to 98.6 degrees Fahrenheit.The formula for converting Celsius (°C) to Fahrenheit (°F) is °F = (°C × 9/5) + 32. To convert 37 degrees Celsius to Fahrenheit, you must multiply 37 by 9/5 and then add 32. To convert Celsius to Fahrenheit, the formula is simple and easy to remember. Multiply the Celsius temperature by 9/5, then add 32. This formula is useful for many applications, such as measuring air and water temperature, cooking and baking, and more. Knowing how to convert from Celsius to Fahrenheit is important for many everyday tasks.

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What is multiple intelligences test?

Answers

A multiple intelligences test is an assessment that identifies an individual's strengths and weaknesses across different types of intelligence, as defined by Howard Gardner's theory of multiple intelligences.

The test aims to help individuals understand their unique strengths and learning styles, and to guide educators in developing personalized teaching strategies. Multiple intelligences test is an assessment that identifies an individual's strengths and weaknesses across different types of intelligence, as defined by Howard Gardner's theory of multiple intelligences. The test is designed to go beyond traditional IQ tests, which focus on logical-mathematical and linguistic intelligence, and assess a wider range of abilities, such as musical, spatial, bodily-kinesthetic, interpersonal, and intrapersonal intelligence. The test is intended to help individuals better understand their unique strengths and learning styles, and to guide educators in developing more personalized teaching strategies that cater to a diverse range of intelligences.

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How do I find the length of a curve?

Answers

Answer:

Step-by-step explanation:

The length of a curve can refer to the arc length of a function, or the distance along a curved path between two points.

Arc Length of a Function:

For a continuous and differentiable function y = f(x) defined over an interval [a, b], the arc length of the curve between x = a and x = b can be found using the following definite integral:

L = ∫_a^b √(1 + (dy/dx)^2) dx

Where L is the arc length, dy/dx is the derivative of the function with respect to x, and the integral is taken from x = a to x = b.

Length of a Curved Path:

For a curved path defined by a continuous and differentiable function y = f(x), the length of the path between two points (x1, y1) and (x2, y2) can be found using the same definite integral formula as the arc length of a function:

L = ∫_(x1)^(x2) √(1 + (dy/dx)^2) dx

Where L is the length of the path and the integral is taken from x = x1 to x = x2.

Note that finding the exact length of a curve can sometimes be difficult and may require numerical methods such as numerical integration or approximation techniques like Simpson's rule.

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