Find the amount of consumer surplus for a linear demand p, Ask an Expert

Economics

Find the amount of consumer surplus for a linear demand p= 20-2x for p=0 and p= 10

A) What is the maximum and minimum amount of CS a consumer can have for this demand and what are the prices?

B) What is the inverse demand function for good x with the following utility function?

U= 3y + (a/3)x - (b/6)x^2. Given the price of y equal to 3$ per unit

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91707843

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