0
How do find the consumer surplus given only the demand function and price?
Wiki User
∙ 10y ago
You count how many widgits are left after profit maximization has been achieved.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
How do you find the compositeof a given function?
The term "composition" refers to applying one function after another. It is not usually used for a single function, although you can of course apply the same function twice.
What is the periplasmic function?
Periplasmic is the name given to the area that is immediately near to a cell wall or bacteria. The main function of periplasmic space is permeability.
How do you find the zeros of any given polynomial function?
by synthetic division and quadratic equation
What is the range of the given function?
{(-2,0),(-4,-3),(2,-9),(0,5),(-5,7)}
Find the coordinates of a second point on the graph of a function f if the given point is on the graph and the function is even?
If the point (x,y) is on the graph of the even function y = f(x) then so is (-x,y)
What is demand and quantity of demand?
Demand is a function that defines how much of a certain good are the consumers willing to purchase at a given price.Quantity of demand is the quantity of a certain good the consumers are willing to purchase at a given price, as defined by the function of demand.
What is consumer equilibrium?
consumer equilibrium states that consumer maximise his utility with the given income and with the given price or when a consumer getting maximum satisfaction with available resources then he will be in a state of equilibrium.
What is the difference between demand function and demand curve?
demand curve shows quantities that the consumer is willing and able to buy at various prices in a given period of time,other things being equal. Whereas, a budget line is a graph showing all the possible combinations of two goods that can be purchased at given prices and for a given budget.
What is the amount of a good or service a consumer is willing and able to buy at various prices during a given time period?
demand
Is the amount of a good or service a consumer is willing and able to buy at various prices during a given time period?
Demand
What is the amount of a good or service a consumer is willing and able to buy at various prices during a given time period.?
demand
What is Production rate and demand?
Production rate means that the rate at which production is carried. While demand is a quantity which a consumer is willing to buy at a specific price in a given period of time.
What is Comparative analysis of demand and supply in economics?
Comparative demand: Demand is the amount of a particular economic good or service that a consumer or group of consumers will want to purchase at a given price. Therefore, comparative demand is the difference or comparison in demand amongst individuals, a state or a society.
Is the amount of a good or service a consumer is willing and able to buy at various prices during a given time period.?
demand curve
What is the function equation of demand?
The demand function relates price and quantity. It tells how many units of a good will be purchased at different prices. In general, at a higher price, less will be purchased. Thus, the graphical representation of the demand function (often referred to as the demand curve) has a negative slope.
What is price consumption curve?
price consumption curve :this indicates the income of the consumer being given,how the demand of a good will be effected with change in its price.it means that both price consumption curve and demand curve indicate different quantities of a good demanded by the consumer at different prices.
Given the demand curve that is a rectangular hyperbola with a demand function of the form Q equals 1 over P Show that the point of elestacity will be unitary throughout the demand curve?
Assuming that the given demand curve is a rectangular hyperbola, total expenditure (i.e. rectangular area or Q*P) is the same for each point on the length of the curve. Next we use the demand function to determine the total expenditure value as Q=1/P=>Q*P=1, and we have consequently a demand curve of unitary elasticity.
