The demand function for a certain brand of compact disc is given by
?
?
The supply function for the compact discs of is given by
?
?
where p is the wholesale unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. Determine the producers' surplus if the wholesale market price is set at the equilibrium price. Round your answer to the nearest dollar.
?
A. $16,907
B. $16,338
C. $16,667
D. $16,805
Answer: C
You might also like to view...
Determine whether the proportion is true or false. =
A. True B. False
Solve.?x? = 6
A. -6 B. -6, 6 C. 6 D. 36
Evaluate the sum. Round to the nearest hundredth, if necessary.
A. -0.35 B. 46 C. 0.35 D. 0.29
Solve the problem.What are the dimensions of the smallest square that you can make using 12-in. by 16-in. rectangular tiles?
A. 24-in. × 24-in. B. 96-in. × 96-in. C. 40-in. × 40-in. D. 48-in. × 48-in.