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8. [-/1 Points] MY NOTES TAILS ASK YOUR TEACHER A particular commodity has a price-supply equation given by p= 368(1.037
Posted: Tue Jul 05, 2022 10:01 am
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- 8 1 Points My Notes Tails Ask Your Teacher A Particular Commodity Has A Price Supply Equation Given By P 368 1 037 1 (45.45 KiB) Viewed 12 times
8. [-/1 Points] MY NOTES TAILS ASK YOUR TEACHER A particular commodity has a price-supply equation given by p= 368(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 53 items. (Round your answer to the nearest cent if necessary.) $ 9. [0.5/1 Points] (b) Find producers' surplus if the equilibrium price is 2,143 dollars. (Round your answer to the nearest cent if necessary.) $ Viewing Saved Work Revert to Last Response DETAILS PREVIOUS ANSWERS MY NOTES ASK YOUR TEACHER A popular three-story dollhouse has a price-demand equation given by p= D(x) = 175 -0.9x and the price-supply equation is given by p= S(x) = 0.1x + 125, where x is the number of dollhouses demanded/supplied when the price is p dollars each. (Round your answers to the nearest cent if necessary.) (a) Find the consumers' surplus for the dollhouses. $ 1338.75 X TAMUBUSCALC1 4.6.009. 1/6 Submissions Used (b) Find the producers' surplus for the dollhouses. $ 125