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Teaching Since: Apr 2017
Last Sign in: 273 Weeks Ago
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  • MBA,PHD in Psychology
    Northwest Florida State College
    Jun-1992 - May-1997

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    Northwest Florida State College,
    Aug-2006 - Nov-2015

Category > Economics Posted 08 May 2017 My Price 9.00

For demand x(p) = p–ε, for ε > 1, find the consumer surplus as a function of p.

1. For demand x(p) = p–ε, for ε > 1, find the consumer surplus as a function of p. (Hint: recall that the consumer surplus can be expressed as

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2. A typist charges $30/hr and types 15 pages per hour. Graph the supply of typed pages.

3. An owner of an oil well has two technologies for extracting oil. With one technology, the oil can be pumped out and transported for $5,000 per day, and 1,000 barrels per day are produced. With the other technology, which involves injecting natural gas into the well, the owner spends $10,000 per day and $5 per barrel produced, but 2,000 barrels per day are produced. What is the supply? Graph it.

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Status NEW Posted 08 May 2017 12:05 PM My Price 9.00

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