Which is more important consumer or producer surplus!?
You're right that it is not a matter of one being more important than another. The theory is that economic efficiency is maximized when output meets the needs of the consumer and is priced where the cost to produce the product is reflected in the price (the equilibrium point). That results in a perfectly competitive market. Deadweight loss is when that equilibrium is lopsided toward either the consumer or to the producer.
Consumers are dependent on producers because they eat producers or other consumers for energy.?
A
Find Producers Surplus?
First, determine the values of x if p = 50... 50 = 10 + 0.1x + 0.0003x² x ≈ {234.32, -568.05} But since the value can't be negative, x ≈ 234.32 is valid. Now, to determine the producer surplus, integrate the given expression from 0 to 234.32 to get... PS = ∫^(x = 0, 234.32) 40 - 0.1x - 0.0003x² dx = 40x - 0.05x² - 0.0001x³ | x = 0, 234.32 = 40(234.32) - 0.05(234.32)² - 0.0001(234.32)³ ≈ 5341 Good luck!
Are anacharis producers or consumers?
Producers use sunlight to produce glucose. Glucose then is used to make proteins, cellulose, fats, oils, DNA, RNA, etc. To use sunlight, an organism needs to have chlorophyll. No chlorophyll? It can't produce sugars. Instead, it has to consume sugar (and often proteins, cellulose, fats, oils, DNA, RNA, etc.). Does your organism have chlorophyll? If so, then it produces sugar. Does it lack chlorophyll? Then it can't produce sugar, so it has to consume it.
Finding consumer surplus and sellers surplus?
the definition of consumer surplus is the difference between what the consumers are willing to pay and what they actually pay... so you use the formula for area of the shape u see under the demand curve. the definition of producers surplus is the difference between what producers are getting and what the are don't mind getting again you can calculate it using the area formula