Save if the inverse demand function for toasters is p = 85 - 2Q

what is the consumer surplus if the price is $25

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a-sha18Lv2

2 Jun 2023

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13 Dec 2019

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Related questions

Consider a market characterized by the following inverse demand and supply functions: P=10-2Q and P=2+2Q. Compute the surplus producers receive when an $8 per unit price floor is imposed on the market.

1. Consider a monolopy where the inverse demand for its product is given by P = 50-2Q. Total costs for this monopolist are estimnated to be C(Q) = 100 + 2Q + Q^2. At the Profit-maximizing combination of output and price, consumer surplus is?

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2. You are the manager of a firm that sells its product in a competitive market at a price of $48. Your firm's cost function is C = 60+2Q^2. Your firm's maximum profits are

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pucedog231

A monopolist faces demand given by: P = 100 - 4Qd, and has marginal costs given by: MC = 10 + .2Q .

Calculate producer surplus with monopoly and the consumer surplus with monopoly. How much would be produced if this was a competitive market? what would be the price?