Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. in this problem, p is in dollars and x is the numb

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

50.1K

Verified Solution

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
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

Finance
1.2K views

Ghost, Inc., has no debt outstanding and a total market value of $250,000. Earnings before interest...

Statistics
1.2K views

A total of 23 Gossett High School students were admitted to State University. Of those students,...

Biology
1.2K views

Draw a Michaelis Menten graph to represent normal pyruvate carboxylase kinetics in the conversion of pyruvate...

Electrical Engineering
1.2K views

Details on how you can test for risk and conduct a security assessment using CCTV security...

Advance Math
1.2K views

Obtain the general solution of the following equations: r Utt ? c^2 r Urr ? 2...

Physics
1.2K views

SolveLancer Test The photon concept was confirmed by Compton Experiment Consider statements about this experiment...

Physics
1.2K views

4 None of the above A piece of copper and other of germanium are cooled...

Accounting
1.2K views

Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and...

Accounting
1.2K views

Reconstruct Solomons income statement, assuming that it serves 162 customers when it lures 81 customers...

Accounting
1.2K views

Tanner-UNF Corporation acquired as an investment $240 million of 7% bonds, dated July 1 ,...

Accounting
1.2K views

Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information...

Accounting
1.2K views

TRUE OR FALSE? - An asset exchange transaction cannot be an adjusting entry because adjusting...