8 x + 3 2 and P= 5. Under pure competition P = x +1 ; determine the consumers’ 2 surplus and producers’ surplus when market equilibrium is established.
8 x + 3 2 and P= 5. Under pure competition P = x +1 ; determine the consumers’ 2 surplus and producers’ surplus when market equilibrium is established.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
Transcribed Image Text:8
- 2 and p =
x + 3
5. Under pure competition p =
; determine the consumers'
2
x +1
surplus and producers' surplus when market equilibrium is established.
6. Find the area between the curve y, = x² – 4x +8 and y, = 2x from 0<x< 3
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