A camera company estimates that the demand function for its new consumer digital camera is p=312e^ -0.14q and the supply function is estimated to be p=26e^ 0.2q where q is measured in thousands. What price for the camera maximizes the total surplus?

A camera company estimates that the demand function for its new consumer digital camera is p=312e^ -0.14q and the supply function is estimated to be p=26e^ 0.2q where q is measured in thousands. What price for the camera maximizes the total surplus?

Intermediate Algebra

10th Edition

ISBN:9781285195728

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter9: Functions

Section9.CR: Review Problem Set

Problem 37CR: A garden has 60 yards of fencing and wants to enclose a rectangular garden that requires fencing...

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