In this problem, p is in dollars and x is the number of units. The demand function for a certain product is p = 189 – 2x2 and the supply function is p = x2 + 33x + 36. Find the producer's surplus at the equilibrium point. (Round x and p to two decimal places. Round your answer to the nearest cent.) $ 195 Need Help? Read It Master It
In this problem, p is in dollars and x is the number of units. The demand function for a certain product is p = 189 – 2x2 and the supply function is p = x2 + 33x + 36. Find the producer's surplus at the equilibrium point. (Round x and p to two decimal places. Round your answer to the nearest cent.) $ 195 Need Help? Read It Master It
Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter18: Pricing The Factors Of Production
Section: Chapter Questions
Problem 4TY
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Sidenote: I previously asked this question already and the answer provided was incorrect can you please make sure isn’t the same answer.
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