In this problem, p is in dollars and x is the number of units. The demand function for a certain product is p = 163 − 2x2 and the supply function is p = x2 + 33x + 4. Find the producer's surplus at the equilibrium point. (Round x and p to two decimal places. 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 = 163 − 2x2 and the supply function is p = x2 + 33x + 4. Find the producer's surplus at the equilibrium point. (Round x and p to two decimal places. Round your answer to the nearest cent.) $
Chapter6: Systems Of Equations And Inequalities
Section6.2: Two-variable Linear Systems
Problem 9ECP
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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 = 163 − 2x2
and the supply function is
p = x2 + 33x + 4.
Find the producer's surplus at the equilibrium point. (Round x and p to two decimal places. Round your answer to the nearest cent.)$
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