From 4166aa33b8aabb87b301225741bea1a6709bf570 Mon Sep 17 00:00:00 2001 From: Rushil Umaretiya Date: Tue, 30 Apr 2024 21:42:49 -0400 Subject: [PATCH] finished pset5 --- pset5/pset5.fdb_latexmk | 10 +++++----- pset5/pset5.log | 4 ++-- pset5/pset5.pdf | Bin 154224 -> 154268 bytes pset5/pset5.synctex.gz | Bin 36937 -> 36976 bytes pset5/pset5.tex | 6 +++--- 5 files changed, 10 insertions(+), 10 deletions(-) diff --git a/pset5/pset5.fdb_latexmk b/pset5/pset5.fdb_latexmk index 2ddeb4c..dbe8a10 100644 --- a/pset5/pset5.fdb_latexmk +++ b/pset5/pset5.fdb_latexmk @@ -1,7 +1,7 @@ # Fdb version 4 -["pdflatex"] 1714095465 "/home/rushil/school/econ/pset5/pset5.tex" "pset5.pdf" "pset5" 1714095466 0 +["pdflatex"] 1714527712 "/home/rushil/school/econ/pset5/pset5.tex" "pset5.pdf" "pset5" 1714527713 0 "/etc/texmf/web2c/texmf.cnf" 1693368362 475 c0e671620eb5563b2130f56340a5fde8 "" - "/home/rushil/school/econ/pset5/pset5.tex" 1714095465 14671 1a1f9a680c80e54ef765ba9f8b643c9d "" + "/home/rushil/school/econ/pset5/pset5.tex" 1714527712 14678 d1873bf5e98bd5ad6d75eeeda7fae3a0 "" "/usr/share/texlive/texmf-dist/fonts/map/fontname/texfonts.map" 1577235249 3524 cb3e574dea2d1052e39280babc910dc8 "" "/usr/share/texlive/texmf-dist/fonts/tfm/jknappen/ec/tcbx1000.tfm" 1136768653 1536 30fde759286ded71559881bfa2623939 "" "/usr/share/texlive/texmf-dist/fonts/tfm/jknappen/ec/tcrm1000.tfm" 1136768653 1536 e07581a4bb3136ece9eeb4c3ffab8233 "" @@ -221,9 +221,9 @@ "/usr/share/texmf/web2c/texmf.cnf" 1681034085 39561 34c98e380bf7c7201ee6a7909aff625a "" "/var/lib/texmf/fonts/map/pdftex/updmap/pdftex.map" 1693368379 4623455 fa0568a71dd9a288d6c226ee477506c6 "" "/var/lib/texmf/web2c/pdftex/pdflatex.fmt" 1693368408 7880218 5644a8bb2704ddc1060e0c139ce5389a "" - "pset5.aux" 1714095466 740 e4dcfcdd43c6f2295cfe55af09abddfe "pdflatex" - "pset5.out" 1714095466 194 59de06b98702dd2bb15768ebc5b7c9f4 "pdflatex" - "pset5.tex" 1714095465 14671 1a1f9a680c80e54ef765ba9f8b643c9d "" + "pset5.aux" 1714527713 740 e4dcfcdd43c6f2295cfe55af09abddfe "pdflatex" + "pset5.out" 1714527713 194 59de06b98702dd2bb15768ebc5b7c9f4 "pdflatex" + "pset5.tex" 1714527712 14678 d1873bf5e98bd5ad6d75eeeda7fae3a0 "" (generated) "pset5.aux" "pset5.log" diff --git a/pset5/pset5.log b/pset5/pset5.log index 123e761..e11ebe4 100644 --- a/pset5/pset5.log +++ b/pset5/pset5.log @@ -1,4 +1,4 @@ -This is pdfTeX, Version 3.141592653-2.6-1.40.24 (TeX Live 2022/Debian) (preloaded format=pdflatex 2023.8.30) 25 APR 2024 21:37 +This is pdfTeX, Version 3.141592653-2.6-1.40.24 (TeX Live 2022/Debian) (preloaded format=pdflatex 2023.8.30) 30 APR 2024 21:41 entering extended mode restricted \write18 enabled. file:line:error style messages enabled. @@ -659,7 +659,7 @@ Here is how much of TeX's memory you used: 1141 hyphenation exceptions out of 8191 102i,17n,104p,732b,2396s stack positions out of 10000i,1000n,20000p,200000b,200000s {/usr/share/texmf/fonts/enc/dvips/cm-super/cm-super-ts1.enc} -Output written on pset5.pdf (6 pages, 154224 bytes). +Output written on pset5.pdf (6 pages, 154268 bytes). 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For producer and consumer surplus, we can use the following formulas: \begin{align*} PS &= \frac{1}2 \times \text{Quantity} \times (\text{Price} - \text{Marginal Cost}) \\ - PS &= \frac{1}{2} \times 70 \times (15 - 1) \\ - PS &= 490 \\ + PS &= \times 70 \times (15 - 1) \\ + PS &= 980 \\ CS &= \frac{1}2 \times \text{Quantity} \times (\text{Maximum Willing to Pay} - \text{Price}) \\ CS &= \frac{1}{2} \times 70 \times (29 - 15) \\ CS &= 490 \\ @@ -338,7 +338,7 @@ In the short run, the marginal cost to Martin to use one of his washing machines DWL &= 490 \end{align*} - It seems that we've found that producer surplus, consumer surplus, and deadweight loss are all equal to \$490. + It seems that we've found that consumer surplus and deadweight loss are equal to \$490, while producer surplus is equal to \$980. \end{enumerate}