Question
Given: (x is number of items)
Demand function: d(x)
Supply function: s(x) = 0.4x²
= 240 – 0.2x²
Find the equilibrium quantity:
Find the producers surplus at the equilibrium quantity:
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Transcribed Image Text

Given: (x is number of items) Demand function: d(x) Supply function: s(x) = 0.4x² = 240 – 0.2x² Find the equilibrium quantity: Find the producers surplus at the equilibrium quantity:

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