Given: (x is number of items) Demand function: d(x) = 864.9 -0.6x² Supply function: s(x) = 0.3x² Find the equilibrium quantity: Find the producers surplus at the equilibrium quantity: Question Help! O Do
Given: (x is number of items) Demand function: d(x) = 864.9 -0.6x² Supply function: s(x) = 0.3x² Find the equilibrium quantity: Find the producers surplus at the equilibrium quantity: Question Help! O Do
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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Transcribed Image Text:Given: (x is number of items)
Demand function: d(x) = 864.9 -0.6x²
Supply function: s(x) = 0.3x²
Find the equilibrium quantity:
Find the producers surplus at the equilibrium quantity:
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