1) Calculate the consumers\' surplus at the indicated unit price p for the deman
ID: 2839111 • Letter: 1
Question
1) Calculate the consumers' surplus at the indicated unit price
p
for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.)
a)p = 10 ? 2q; p = 3
b)p = 9 ? 2q1/3; p = 7
c)q = 50 ? 3p; p = 5
2)Calculate the producers' surplus for the supply equation at the indicated unit price
p.
HINT [See Example 2.] (Round your answer to the nearest cent.)
a)q = 2p ? 50; p = 59
b) p = 120 + q; p = 235
3)Find the total value TV of the given income stream and also find its future value FV (at the end of the given interval) using the given interest rate. HINT [See Examples 4, 5.] (Round your answers to the nearest cent.)
a) R(t) = 20,000 + 4,000t, 0 ? t ? 5, at 10%
b)R(t) = 21,000, 0 ? t ? 12, at 4%
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