8. [0/1 Points] A particular commodity has a price-supply equation given by p= 362(1.037)*, where x is the numbers of it

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8 0 1 Points A Particular Commodity Has A Price Supply Equation Given By P 362 1 037 Where X Is The Numbers Of It 1 (28.26 KiB) Viewed 12 times

8. [0/1 Points] A particular commodity has a price-supply equation given by p= 362(1.037)*, where x is the numbers of items of the commodity demanded when the price is p dollars per item. (a) Find producers' surplus if the equilibrium quantity is 54 items. (Round your answer to the nearest cent if necessary.) $ 2574.9 X DETAILS PREVIOUS ANSWERS TAMUBUSCALC1 4.6.008. 1/6 Submissions Used (b) Find producers' surplus if the equilibrium price is 2,274 dollars. (Round your answer to the nearest cent if necessary.) $ MY NOTES ASK YOUR TEACHER