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In this problem, p is in dollars and x is the number of units. Find the producer's...

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Question

Basic Math

In this problem, p is in dollars and x is thenumber of units.

Find the producer's surplus for a product if its demand functionis

p = 144 ? x2 and its supply function is p =x2 + 12x + 130.

(Round your answer to two decimal places.)

In this problem, p is in dollars and x is thenumber of units.

The demand function for a certain product is

p = 123 ? 2x2

and the supply function is

p = x2 + 33x + 36.

Find the producer's surplus at the equilibrium point. (Roundx and p to two decimal places. Round your answerto the nearest cent.)
$

Answer & Explanation Solved by verified expert
4.1 Ratings (596 Votes)
At equilibrium x7 x1As x cannot be negativeSo    See Answer
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