Answered: Given: (x is number of items) Demand…

Given: (x is number of items) Demand function: d(x) = 743.6-0.5x² Supply function: s(x) = 0.6x² Find the equilibrium quantity: Find the consumers surplus at the equilibrium quantity:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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