ext Predictions OnHelp5-7. D(x) = 2(x-3)² is the price, in dollars per unit, that consumers will pay for xunitsof an item, and S(x) = (x-4)² + 79 is the price, in dollars per unit, that producers willacceptfor x units. Find the following for x < 10.5) The equilibrium point,6) The consumer surplus at the equilibrium point,7) The producer surplus at the equilibrium point8-9. You want to have $750,000 on your 70th birthday, and you are 25 right now.8) What lump sum should you deposit now at 1.6%, compounded continuously, to attain$750,000?9) The amount from #8 is more than you can afford, so you decide to invest a constantamount, R(t) dollars per year. Find R(t) such that the accumulated future value of thecontinuous money stream is $750,000, assuming an interest rate of 1.6%, compoundedcontinuously.UDHWODhpFocusBE

Given that,Price D(x)=2(x-3)2S(x)=(x-4)2+79 where x is the number of goods

lgs Review view Help 5-7.D(x) = 2(x-3)² is the price, in dollars per unit, that consumers will pay for x units of an item, and S(x) = (x-4)² + 79 is the price, in dollars per unit, that producers will accept for x units. Find the following for x ≤ 10. 5) The equilibrium point, 6) The consumer surplus at the equilibrium point, 7) The producer surplus at the equilibrium point

lgs Review view Help 5-7.D(x) = 2(x-3)² is the price, in dollars per unit, that consumers will pay for x units of an item, and S(x) = (x-4)² + 79 is the price, in dollars per unit, that producers will accept for x units. Find the following for x ≤ 10. 5) The equilibrium point, 6) The consumer surplus at the equilibrium point, 7) The producer surplus at the equilibrium point

Principles of Macroeconomics (MindTap Course List)

7th Edition

ISBN:9781285165912

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Consumers, Producers, And The Efficiency Of Markets

Section: Chapter Questions

Problem 7PA

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