Find the consumer surplus and producer surplus.
Demand $p = 600 - 0.0002 x$
Supply $p = 450 + 0.0001 x$
A)Consumer surplus: $25,000,150Producer surplus: $12,500,400
B)Consumer surplus: $25,000,200Producer surplus: $12,500,300
C)Consumer surplus: $25,000,100Producer surplus: $12,500,100
D)Consumer surplus: $25,000,050Producer surplus: $12,500,200
E)Consumer surplus: $25,000,000Producer surplus: $12,500,000

Question

Find the consumer surplus and producer surplus.  
Demand $p = 600 - 0.0002 x$  
Supply $p = 450 + 0.0001 x$  
A)Consumer surplus: $25,000,150Producer surplus: $12,500,400
B)Consumer surplus: $25,000,200Producer surplus: $12,500,300
C)Consumer surplus: $25,000,100Producer surplus: $12,500,100
D)Consumer surplus: $25,000,050Producer surplus: $12,500,200
E)Consumer surplus: $25,000,000Producer surplus: $12,500,000

Quizplus · Accepted Answer

The Answer of Find the consumer surplus and producer surplus.  
Demand $p = 600 - 0.0002 x$  
Supply $p = 450 + 0.0001 x$  
A)Consumer surplus: $25,000,150Producer surplus: $12,500,400
B)Consumer surplus: $25,000,200Producer surplus: $12,500,300
C)Consumer surplus: $25,000,100Producer surplus: $12,500,100
D)Consumer surplus: $25,000,050Producer surplus: $12,500,200
E)Consumer surplus: $25,000,000Producer surplus: $12,500,000

Find the Consumer Surplus and Producer Surplus p=600−0.0002xp = 600 - 0.0002 xp=600−0.0002x

Find the Consumer Surplus and Producer Surplus $p = 600 - 0.0002 x$