In this problem, p is in dollars and x is the number of units. The demand function for a certain product is p = 144 − x2 and the supply function is p = x2 + 2x + 84. Find the equilibrium point. (x, p) = Find the consumer's surplus there. (Round your answer to the nearest cent.)=
In this problem, p is in dollars and x is the number of units. The demand function for a certain product is p = 144 − x2 and the supply function is p = x2 + 2x + 84. Find the equilibrium point. (x, p) = Find the consumer's surplus there. (Round your answer to the nearest cent.)=
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
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In this problem, p is in dollars and x is the number of units.
The demand function for a certain product is
p = 144 − x2
and the supply function is
p = x2 + 2x + 84.
Find the equilibrium point.
(x, p) =
Find the consumer's surplus there. (Round your answer to the nearest cent.)=
Find the consumer's surplus there. (Round your answer to the nearest cent.)=
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