If a supply curve is modeled by the equation p = 500 + 0.1q3/2, nd the producer surplus when the selling price is $600. $ Need Help? ii A company.
These are questions from applied calc 2. If someone could help me with these that would be great.
If a supply curve is modeled by the equation p = 500 + 0.1q3/2, ﬁnd the producer surplus when the selling price is $600. $ Need Help? ii A company modeled the demand curve for Is product, in dollars, by the equation below. 700,000e"?/5°°°q + 20,000 Use a graph to estimate the sales level when the selling price is $16. (Round your answer to the nearest integer.)q = p: Find (approximately) the consumer surplus for this sales level.$ Need Help? ii The demand function for an electronics company’s car stereos is D(q) = 224.6 — 17a and the supply function is S(q) = 28q + 53.6, where q is measured in thousands. (a) At what price is the market for the stereos in equilibrium? (b) Compute the total surplus corresponding to the price from part (a). (c) What is the maximum total surplus?$ Need Help? ii