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The quantity demanded x (in units of a hundred) of the Mikado miniature cameras/week is related...

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Basic Math

The quantity demanded x (in units of a hundred) of the Mikadominiature cameras/week is related to the unit price p (in dollars)by p = ?0.2x^2 + 220 and the quantity x (in units of a hundred)that the supplier is willing to make available in the market isrelated to the unit price p (in dollars) by p = 0.1x^2 + 8x + 110If the market price is set at the equilibrium price, find theconsumers' surplus and the producers' surplus. (Round your answersto the nearest dollar.)

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