Consumers' and Producers' Surplus The quantity demanded x (in units of a hundred) of the Mikado miniature cameras per week is related to the unit price p (in dollars) by p = -0.2x2 + 220 and the quantity x (in units of a hundred) that the supplier is willing to make available in the market is related to the unit price p (in dollars) by p = 0.1x + 8x + 110. If the market price is set at the equilibrium price, find the consumers' surplus and the producers' surplus. (Round your answers to the nearest dollar.) consumer's surplus $ 200 producer's surplus $ 466.66 X X

Consumers' and Producers' Surplus The quantity demanded x (in units of a hundred) of the Mikado miniature cameras per week is related to the unit price p (in dollars) by p = -0.2x2 + 220 and the quantity x (in units of a hundred) that the supplier is willing to make available in the market is related to the unit price p (in dollars) by p = 0.1x + 8x + 110. If the market price is set at the equilibrium price, find the consumers' surplus and the producers' surplus. (Round your answers to the nearest dollar.) consumer's surplus $ 200 producer's surplus $ 466.66 X X

Name: Consumers' and Producers' Surplus The quantity demanded x (in units o
Uploaded: 2024-03-20T07:07:26.000Z
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Description: Consumers' and Producers' Surplus The quantity demanded x (in units of a hundred) of the Mikado miniaturecameras per week is related to the unit price p (in dollars) byp = -0.2x2 + 220and the quantity x (in units of a hundred) that the supplier is w