Producer surplus ps - Study guides, Class notes & Summaries

DSC1520 - Quantitative Modelling I. The daily rate of sales of a product (in units per day) is approximated by the exponential equation S(t) = 1 800 + 1 500e −0,3t+1,5 , with t the number of days it has been on the market. After how many days, rounded to a whole number, will the rate of sale be 2 000 units per day? [1] 4 [2] 7 [3] 11 [4] 12 [5] None of the above. Question 3 If the demand function is P = 80 − 0,5Q where P and Q are the price and quantity respectively, determine...