+13? Find consumer's surplus....? The quantity x demanded per week, in units of a hundred, of a certain product is related to the unit price p (in dollars) by the relation
= -0.01x^2 - 0.4x + 49
The quantity x, in units of a hundred, that the supplier is willing to make available in the market per week is related to the unit price p by the relation: p= 0.01x^2 + 0.2x +13
If the market price is set at the equilibrium price, find the consumer's surplus and the producers' surplus.
.
= -0.01x^2 - 0.4x + 49The quantity x, in units of a hundred, that the supplier is willing to make available in the market per week is related to the unit price p by the relation: p= 0.01x^2 + 0.2x +13
If the market price is set at the equilibrium price, find the consumer's surplus and the producers' surplus.
.