# What does the demand curve look like?

solve for the equilibriu Show more If demand is given by q d ?(p) = ? bp and supply is given by q s (p) = cp solve for the equilibrium price and quantity. Find the consumer surplus and producer profits. If demand is given by ?? = and supply is given by () = where all parameters are positive numbers solve for the equilibrium price and quantity. q d pap ?? q s pbp ? A typist charges \$30 per hour and types 15 pages per hour. Graph the supply of typed pages. An entrepreneur has a factory that produces L ? widgets where ? < 1 when L hours of labor are used. The cost of labor (wage and benefits) is w per hour. If the entrepreneur maximizes profit what is the supply curve for widgets? A reservation price is is a consumers maximum willingness to pay for a good that is usually bought one at a time like cars or computers. Graph the demand curve for a consumer with a reservation price of \$30 for a unit of a good. For demand x(p) = 1 p compute the consumer surplus function as a function of p. A reservation price is a consumers maximum willingness to pay for a good that is usually bought one at a time like cars or computers. Suppose in a market of T-shirts 10 people have a reservation price of \$10 and the 11th person has a reservation price of \$5. What does the demand curve look like? Slices of pizza Total value 0 0 1 4 2 7 3 10 4 12 5 11 A consumers value for slices of pizza is given by the following table. Graph this persons demand for slices of pizza. Show less

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