Consider the following demand and supply functions. D(x) = 83-0.4x, S(x) = 2x + 75.8,0 ≤ x ≤ 90 Step 3 of 3: Find the producers' surplus at the equilibrium point. Round your answer to the nearest cent.

Consider the following demand and supply functions. D(x) = 83-0.4x, S(x) = 2x + 75.8,0 ≤ x ≤ 90 Step 3 of 3: Find the producers' surplus at the equilibrium point. Round your answer to the nearest cent.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section: Chapter Questions

Problem 16QP

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Question

Consider the following demand and supply functions.
D(x) = 83-0.4x, S(x) = 2x + 75.8,0 ≤ x ≤ 90
Step 3 of 3: Find the producers' surplus at the equilibrium point. Round your answer to the nearest cent.

Consider the following demand and supply functions.
D(x) = 83-0.4x, S(x) = 2x + 75.8,0 ≤ x ≤ 90
Step 2 of 3: Find the consumers' surplus at the equilibrium point. Round your answer to the nearest cent.

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