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Integration Rules and Market Surplus Analysis

The document outlines various integration rules including the Basic Power Rule, Constant Multiple Rule, Sum/Difference Rule, and Substitution Rule, providing examples for each. It also discusses applications of integration in calculating producer and consumer surplus using linear market models with specified demand and supply functions. The document includes multiple scenarios for calculating equilibrium price, quantity, and surpluses.

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8 views2 pages

Integration Rules and Market Surplus Analysis

The document outlines various integration rules including the Basic Power Rule, Constant Multiple Rule, Sum/Difference Rule, and Substitution Rule, providing examples for each. It also discusses applications of integration in calculating producer and consumer surplus using linear market models with specified demand and supply functions. The document includes multiple scenarios for calculating equilibrium price, quantity, and surpluses.

Uploaded by

sibusisokahblessed
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Basic Power Rule and Constant Multiple Rule

Z
1. x5 dx
Z
2. 4x3 dx
Z
1
3. dx (Rewrite as x−4 )
x4
2x7
Z
4. dx
3
√
Z
5. x dx (Rewrite as x1/2 )

Sum/Difference Rule with Fractions


x4
Z  
5
6. + 2 dx
2 x
3x2
Z  
7
7. − 5 dx
4 x
x3
Z  
1
8. √ + dx
3 x 5
Z  
2 4
9. +√ dx
x3 3
x
6 9x2
Z  
10. − dx
x 2

Substitution Rule
Z
2
11. 2xex dx

3x2
Z
12. dx
x3 + 1
e1/x
Z
13. dx
x2
Z √
14. x x2 + 4 dx
Z
ln x
15. dx
x

1
Applications of Integration: Producer and Consumer
Surplus
1. Linear Market Model
Given the demand function D(q) = 100−0.5q and supply function S(q) = 20+0.8q:

(a) Find the equilibrium price and quantity


(b) Calculate the consumer surplus at equilibrium
(c) Calculate the producer surplus at equilibrium

2. Given the demand and supply functions:

Demand: Qd = 50 − 2P
Supply: Qs = 20 + 3P

Calculate the consumer surplus and producer surplus at equilibrium.

3. Given the demand and supply functions:

Demand: Qd = 100 − 4P
Supply: Qs = 10 + P

Calculate the consumer surplus and producer surplus at equilibrium.

4. Given the demand and supply functions:

Demand: Qd = 80 − 5P
Supply: Qs = 5P

Calculate the consumer surplus and producer surplus at equilibrium.

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