Find the consumer and producer surpluses (in dollars) by using the demand and supply functions, where p is the price (in dollars) and x is the number of units (in millions). See Example 5. Demand Function         Supply Function p = 200 − 0.2x         p = 100 + 1.8x

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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ISBN:9780079039897
Author:Carter
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Chapter9: Quadratic Functions And Equations
Section9.9: Combining Functions
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Find the consumer and producer surpluses (in dollars) by using the demand and supply functions, where p is the price (in dollars) and x is the number of units (in millions). See Example 5.
Demand Function         Supply Function
p = 200 − 0.2x         p = 100 + 1.8x
Find the consumer and producer surpluses (in dollars) by using the demand and supply functions, where p is the price (in dollars) and x is the number of units (in millions).
Supply Function
p = 100 + 1.8x
Demand Function
p = 200 – 0.2x
consumer surplus
$
producer surplus
$
Transcribed Image Text:Find the consumer and producer surpluses (in dollars) by using the demand and supply functions, where p is the price (in dollars) and x is the number of units (in millions). Supply Function p = 100 + 1.8x Demand Function p = 200 – 0.2x consumer surplus $ producer surplus $
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