Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. calculus
  3. d(x) is the price, in dollars per unit, that consu

D(x) is the price, in dollars per unit, that consumers are willing to pay for...

50.1K

Verified Solution

Question

Calculus

image

D(x) is the price, in dollars per unit, that consumers are willing to pay for x units of an item, and S(x) is the price, in dollars per unit, that producers are willing to accept for x units. Find (a) the equilibrium point, (b) the consumer surplus at the equilibrium point, and (c) the producer surplus at the equilibrium pointD(x)=-3x/10+15, S(x) = x/5+5(a) Find the equilibrium point.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Transposons can rearrange genomic architecture or cause genomic expansion. How?

Medical Sciences
1.2K views

Highlight 5 different resistance training exercises that could be used to overload muscles of the hand...

Medical Sciences
1.2K views

List the percent absorptive of secretion of sodium, potassium, water, bicarbonate, glucose for different regions of...

Biology
1.2K views

Birds' eggs are often speckled, which helps them blend into their environment. This is an...

Geometry
1.2K views

write the trigonometric equation for the fuction with a period of 5 a low point...

Basic Math
1.2K views

Perform the indicated operation If possible reduce the answer to its lowest terms 5 1...

Algebra
1.2K views

A bag contains 6 red marbles 6 orange marbles and 4 blue marbles Find P...

Accounting
1.2K views

In its income statement for the year...

Accounting
1.2K views

Marigold Bookstore had 520 units on hand at January 1, costing $9 each. Purchases and...

Accounting
1.2K views

The charges to Work in ProcessAssembly Department for a period, together with information...

Accounting
1.2K views

BA o Speedy regional convenience store chain, maintains inventory by the The purchases and sales...

Finance
1.2K views

10 points he expected return on the market is 14.08 percent, the inflation rate is...