The quantity demanded x (in units of a hundred) of the miniature cameras per week is related to the unit price p (in dollars) by
?
?
and the quantity x (in units of a hundred) that the supplier is willing to make available in the market is related to the unit price p (in dollars) by
?
?
If the market price is set at the equilibrium price, find the consumers' surplus and the producers' surplus. Please round the answers to the nearest dollar.
?
The consumers' surplus: $__________
?
The producers' surplus: $__________
What will be an ideal response?
13,333; 25,000
You might also like to view...
Find the principal (present value) of the simple interest loan. Round to the nearest cent.The future value of $184.00 invested in a simple interest account at an annual percentage rate of 5% for 3 years
A. $175.00 B. $15.00 C. $168.00 D. $160.00
Use U = universal set = {0, 1, 2, 3, 4, 5, 6, 7, 8, 9}, A = {1, 2, 3, 5, 8}, B = {2, 3, 5, 7}, and C = {1, 4, 9} to find the set.(B ? C) ? A
A. { } B. {1, 2, 3} C. {1, 2, 3, 4, 5, 7, 9} D. {1, 2, 3, 5}
Find the domain of the function.f(x) = 6x - 6
A. (0, ?) B. (-?, ?) C. [6, ?) D. (-?, 0) ? (0, ?)
Use Part 1 of the Fundamental Theorem of Calculus to find the derivative of the function.
