6. The price for sugar cane is D(q) = 900 – 20q – q? (in dollars per ton) when the demand for the product is q tons. Also, suppose the function S(q) = q? + 10q describes the price when the supply is q tons. Find the consumers' surplus and the producers' surplus. In addition, graph results on Desmos and label the areas for consumers'surplus and producers' surplus. Equilibrium Point Consumers' surplus = | [D(q) – Polda Producers' surplus = | [Po-S(q)]dq where (qo, Po )is the equilibrium point Consumers' surplus Producers' surplus

6. The price for sugar cane is D(q) = 900 – 20q – q? (in dollars per ton) when the demand for the product is q tons. Also, suppose the function S(q) = q? + 10q describes the price when the supply is q tons. Find the consumers' surplus and the producers' surplus. In addition, graph results on Desmos and label the areas for consumers'surplus and producers' surplus. Equilibrium Point Consumers' surplus = | [D(q) – Polda Producers' surplus = | [Po-S(q)]dq where (qo, Po )is the equilibrium point Consumers' surplus Producers' surplus

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter4: Polynomial And Rational Functions

Section4.1: Quadratic Functions

Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...

See similar textbooks