Math

CalculusQ&A LibraryFor the demand function d(x) and supply function s(x), complete the following. d(x) = 900e−0.02x, s(x) = 300 − 300e−0.04x (a) Find the market demand (the positive value of x at which the demand function intersects the supply function). (Round your answer to two decimal places.)x = (b) Find the consumers' surplus at the market demand found in part (a). (Round your answer to the nearest dollar.) (c) Find the producers' surplus at the market demand found in part (a). (Round your answer to the nearest dollar.)Start your trial now! First week only $4.99!*arrow_forward*

Question

For the demand function *d*(*x*) and supply function *s*(*x*), complete the following.

d(x) = 900e^{−0.02x}, s(x) = 300 − 300e^{−0.04x}

(a) Find the market demand (the positive value of *x* at which the demand function intersects the supply function). (Round your answer to two decimal places.)

*x* =

(b) Find the consumers' surplus at the market demand found in part (a). (Round your answer to the nearest dollar.)

(c) Find the producers' surplus at the market demand found in part (a). (Round your answer to the nearest dollar.)

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