Given: (x is number of items) Demand function: d(x) = 300 Supply function: s(x) = 0.4x – 0.4x %3D Find the equilibrium quantity: Find the consumers surplus at the equilibrium quantity:

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)
Given: (x is number of items)
Demand function: d(x)
Supply function: s(x)
= 300 – 0.4x
0.4x
Find the equilibrium quantity:
Find the consumers surplus at the equilibrium quantity:
Transcribed Image Text:Given: (x is number of items) Demand function: d(x) Supply function: s(x) = 300 – 0.4x 0.4x Find the equilibrium quantity: Find the consumers surplus at the equilibrium quantity:
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