Given the price-demand and price-supply equations below, find the producers' surplus at the equilibrium price level. D(x)=p=15-0.15x^2 S(x)=p=6+0.1x^2 option : $6 equilibrium pice. Consumer surplus is $48 option b; $6 equilibrium price. Consumer surplus is $21.6

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter7: Systems Of Equations And Inequalities
Section7.1: Systems Of Linear Equations: Two Variables
Problem 2SE: If you are performing a break-even analysis for a business and their cost and revenue equations are...
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Given the price-demand and price-supply equations below, find the producers' surplus at the equilibrium price level.

D(x)=p=15-0.15x^2
S(x)=p=6+0.1x^2

option : $6 equilibrium pice. Consumer surplus is $48
option b; $6 equilibrium price. Consumer surplus is $21.6
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