Given: (x is number of items) Demand function: d(x) = 100 – 0.3x Supply function: s(x) = 0.5x %3D Find the market demand: Find the consumers surplus at the market demand: Submit Question

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter3: Functions
Section3.2: Domain And Range
Problem 61SE: The cost in dollars of making x items is given by the function Cx)=10x+500. a. The fixed cost is...
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Given: (x is number of items)
Demand function: d(x) = 100 – 0.3x
Supply function: s(x) = 0.5x
Find the market demand:
Find the consumers surplus at the market demand:
Submit Question
Transcribed Image Text:Given: (x is number of items) Demand function: d(x) = 100 – 0.3x Supply function: s(x) = 0.5x Find the market demand: Find the consumers surplus at the market demand: Submit Question
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