Find the consumer's and producer's surplus if for a product D(x) = 16 0.006x and S(r) only final answers to 2 decimal places. -0.003r2 Round The consumer's surplus is $ and the producer's surplus is $

Microeconomics: Private and Public Choice (MindTap Course List)
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ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter9: Price Takers And The Competitive Process
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Find the consumer's and producer's surplus if for a product D()
0.006z and S(x)
0.003r? Round
16
only final answers to 2 decimal places.
The consumer's surplus is $
and the producer's surplus is $
Transcribed Image Text:Find the consumer's and producer's surplus if for a product D() 0.006z and S(x) 0.003r? Round 16 only final answers to 2 decimal places. The consumer's surplus is $ and the producer's surplus is $
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