Producers' Surplus The manufacturer of a brand of mattresses will make x hundred units available in the market when the unit price is p = 50 + 60e0.06x dollars. (a) Find the number of mattresses the manufacturer will make available in the market place if the unit price is set at $150/mattress. (Round your answer to the nearest integer.) mattresses (b) Use the result of part (a) to find the producers' surplus if the unit price is set at $150/mattress. (Round your answer to the nearest dollar.) $

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter3: Solving Equation And Problems
Section3.1: Transforming Equations: Addition And Subtraction
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Producers' Surplus The manufacturer of a brand of mattresses will make x hundred units available in the market when the unit price is
p = 50 + 60e0.06x
dollars.
(a) Find the number of mattresses the manufacturer will make available in the market place if the unit price is set at $150/mattress. (Round your answer to the nearest integer.)
mattresses
(b) Use the result of part (a) to find the producers' surplus if the unit price is set at $150/mattress. (Round your answer to the nearest dollar.)
$
Transcribed Image Text:Producers' Surplus The manufacturer of a brand of mattresses will make x hundred units available in the market when the unit price is p = 50 + 60e0.06x dollars. (a) Find the number of mattresses the manufacturer will make available in the market place if the unit price is set at $150/mattress. (Round your answer to the nearest integer.) mattresses (b) Use the result of part (a) to find the producers' surplus if the unit price is set at $150/mattress. (Round your answer to the nearest dollar.) $
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