Answer:
4/12 or 1/3
Step-by-step explanation:
Answer:
a. 24
b. 864
Step-by-step explanation:
a. The demand function is:
P = 60 - 2Q
When P = 12:
12 = 60 - 2Q
2Q = 60 - 12
2Q = 48
Q = 48/2 = 24
b. Consumer surplus is given as the integral of Demand function:
![CS = \int\limits {[P(Q) - (p)(Q)] \ dQ\\](https://tex.z-dn.net/?f=CS%20%3D%20%5Cint%5Climits%20%7B%5BP%28Q%29%20-%20%28p%29%28Q%29%5D%20%5C%20dQ%5C%5C)
This implies that:

Positive! I hope this helps!
Answer:
295000
Step-by-step explanation:
hope this helps
Answer:
see attached
Step-by-step explanation:
The graph is a series of horizontal lines. A solid dot goes wherever there is an "or equal to" symbol in the inequality. An open dot goes where the point is not included in the function definition (but nearby points are).