Given the demand equation p(x) = V 10000 - 0.01x2 and the supply equation P(x) = 0.1x + 20, find the producer surplus when the market is in equilibrium. Round your answer to the nearest integer. O A. 18000

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 18T
icon
Related questions
Question

Need help ASAP

 

Given the demand equation
p(x)
10000 – 0.01x2
and the supply equation
p(x) = 0.1x + 20,
find the producer surplus when the market is in equilibrium. Round your answer to the nearest integer.
O A. 18000
O B. 7885
O C. 8175
D. 40009
O E. 46080
Transcribed Image Text:Given the demand equation p(x) 10000 – 0.01x2 and the supply equation p(x) = 0.1x + 20, find the producer surplus when the market is in equilibrium. Round your answer to the nearest integer. O A. 18000 O B. 7885 O C. 8175 D. 40009 O E. 46080
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Basics (types, similarity, etc)
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage