p = 80 – q and p5q +30 respectivily. If 9o= 5 items are sold at the equlibirium price po = 55.%3D%3!%3DDetermine the producer surplus under market equilibirium.PS = $83.33PS = $ 62.5!!PS = $ 6187.5

The law of demand establishes the relationship between the quantity demanded and the price of the…

Answered: p = 80 - q and p = 59 +30 respectivily.…

p = 80 - q and p = 59 +30 respectivily. f 90= 5 items are sold at the equlibirium price Po- 55. Determine the producer surplus under market equilibirium. PS = $83.33 %3D PS= $ 62.5 PS = $ 6187.5

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

p = 80 – q and p
5q +30 respectivily. If 9o= 5 items are sold at the equlibirium price po = 55.
%3D
%3!
%3D
Determine the producer surplus under market equilibirium.
PS = $83.33
PS = $ 62.5
!!
PS = $ 6187.5

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