1 b Given: (x is number of items) Demand function: d(x) = 370.3-0.4x² Supply function: s(x) = 0.3x² Find the equilibrium quantity: Find the consumers surplus at the equilibrium quantity:
1 b Given: (x is number of items) Demand function: d(x) = 370.3-0.4x² Supply function: s(x) = 0.3x² Find the equilibrium quantity: Find the consumers surplus at the equilibrium quantity:
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter7: Integration
Section7.EA: Extended Application Estimating Depletion Dates For Minerals
Problem 4EA
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