16. The price-demand function and the price-supply function for a certain make of a 10-speed bicycle are given below, where p is the price of the bicycle in dollars and x is the quantity in units of one thousand. Find the consumers' surplus at the equilibrium price of $160 per bike. p= D(x)= 250 – 0.001x2 and p= S(x) = 0.0006x² + 0.02x + 100

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
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Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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16.
Is) 16. The price-demand function and the price-supply function for a certain make of a 10-speed bicycle
are given below, where p is the price of the bicycle in dollars and x is the quantity in units of one
thousand. Find the consumers' surplus at the equilibrium price of $160 per bike.
p= D(x)= 250 - 0.001x²
p = S(x) = 0.0006x² + 0.02x + 100
and
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Transcribed Image Text:Is) 16. The price-demand function and the price-supply function for a certain make of a 10-speed bicycle are given below, where p is the price of the bicycle in dollars and x is the quantity in units of one thousand. Find the consumers' surplus at the equilibrium price of $160 per bike. p= D(x)= 250 - 0.001x² p = S(x) = 0.0006x² + 0.02x + 100 and MAY étv N A O MacBook Air 000 DII DD F4 F5 F6 F7 F8 F9 F10 F11 F12 & *
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