Consumer and producer surplus

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Intros
Lessons
  1. Consumer and Producer Surplus Overview:
  2. Review of Consumer and Producer Surplus
  3. Evaluating Surplus with Integrals
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Examples
Lessons
  1. Calculating Producer and Consumer Surplus

    The demand curve for cakes is given by D(q)=362q2D(q) = 36 - 2q^{2} and the supply curve is given by S(q)=8q+12S(q) = 8q + 12.

    i)Find the producer surplus

    ii)Find the consumer surplus

    1. The demand curve for cakes is given by D(q)=12q+2D(q) = \frac{12}{q + 2} and the supply curve is given by S(q)=q+3S(q) = q + 3.

      i)Find the producer surplus

      ii)Find the consumer surplus