Given: (x is number of items) Demand function: d(x) = 300 – 0.3x Supply function: s(x) = 0.5x Find the equilibrium quantity: Find the producers surplus at the equilibrium quantity:
Given: (x is number of items) Demand function: d(x) = 300 – 0.3x Supply function: s(x) = 0.5x Find the equilibrium quantity: Find the producers surplus at the equilibrium quantity:
Chapter3: Functions
Section3.2: Domain And Range
Problem 61SE: The cost in dollars of making x items is given by the function Cx)=10x+500. a. The fixed cost is...
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![Given: (x is number of items)
Demand function: d(x) = 300 – 0.3x
Supply function: s(x) = 0.5x
Find the equilibrium quantity:
Find the producers surplus at the equilibrium quantity:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8f5d52bb-9e14-468b-ab59-8c5215f042e6%2F26a9a2fc-47f2-444c-9ca3-8b8b00a9c54d%2Fzxmjcb_processed.png&w=3840&q=75)
Transcribed Image Text:Given: (x is number of items)
Demand function: d(x) = 300 – 0.3x
Supply function: s(x) = 0.5x
Find the equilibrium quantity:
Find the producers surplus at the equilibrium quantity:
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