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Find the Consumer Surplus and Producer Surplus p=1000.00006xp = 100 - 0.00006 x

Question 14

Multiple Choice

Find the consumer surplus and producer surplus. ​
Demand p=1000.00006xp = 100 - 0.00006 x
Supply p=90+0.00004xp = 90 + 0.00004 x


A) Consumer surplus: $300,100 Producer surplus: $ 200,100
B) Consumer surplus: $300,050 Producer surplus: $200,200
C) Consumer surplus: $300,200 Producer surplus: $200,300
D) Consumer surplus: $300,150 Producer surplus: $200,400
E) Consumer surplus: $300,000 Producer surplus: $200,000

Correct Answer:

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