Calculus

For the demand function d(x) and supply function s(x), complete the following.

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper

d(x) = 600 – 0.8x,  s(x) = 0.4x

(a) Find the market demand (the positive value of x at which the demand function intersects the supply function). x = ________

(b) Find the consumers’ surplus at the market demand found in part (a). $ ________ (c) Find the producers’ surplus at the market demand found in part (a). $
________

  For the demand function d(x) and supply function s(x), complete the following.

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper

d(x) = 900e–0.03x,  s(x) = 300 – 300e–0.04x

(a) Find the market demand (the positive value of x at which the demand function intersects the supply function). (You may use a calculator. Round your answer to two decimal places.) x =
________ (b) Find the consumers’ surplus at the market demand found in part (a). (Round your answer to the nearest whole number.) $
________ (c) Find the producers’ surplus at the market demand found in part (a). (Round your answer to the nearest whole number.) $
________

Still stressed with your coursework?
Get quality coursework help from an expert!