Find the consumer surplus and producer surplus for the demand and supply equations. Demand Supply p = 70 − 0.00003x p = 25 + 0.00002x consumer surplus $__________ producer surplus
Find the consumer surplus and producer surplus for the demand and supply equations. Demand Supply p = 70 − 0.00003x p = 25 + 0.00002x consumer surplus $__________ producer surplus
Chapter6: Systems Of Equations And Inequalities
Section6.5: Systems Of Inequalities
Problem 8ECP: The demand and supply equations for a flat-screen television are...
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Find the consumer surplus and producer surplus for the demand and supply equations.
Demand
|
Supply
|
p = 70 − 0.00003x
|
p = 25 + 0.00002x
|
consumer surplus | $__________ |
producer surplus | $__________ |
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