A particular commodity has a prce supply equation given by 1034)". where is the numbers of tems of the commodity demanded when the price isp dollars per item (A) ind producers surpusif the equibrium quantity is 53 items. (Round your answer to the nearest centif necessary) D) Fed producer surpsthe erum price s 2,25 da (Round your anseer to the nearest centi necessary)
A particular commodity has a prce supply equation given by 1034)". where is the numbers of tems of the commodity demanded when the price isp dollars per item (A) ind producers surpusif the equibrium quantity is 53 items. (Round your answer to the nearest centif necessary) D) Fed producer surpsthe erum price s 2,25 da (Round your anseer to the nearest centi necessary)
Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter59: Areas Of Rectangles, Parallelograms, And Trapezoids
Section: Chapter Questions
Problem 79A
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Transcribed Image Text:A particular commodity has a pnice-supply equation given by p= 369(1.034)", where x is the numbers of items of the commodity demanded when the price is p dollars per item.
(a) Fino producers surplus if the equilibrium quantity is 53 items. (Round your answer to the nearest cont if necessary.)
b) Find producers' surplus if the equlibrium price is 2,258 dollars. (Round your answer to the nearest cent if necestary)
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