Given: (x is number of items) Demand function: d(x)=300−0.2x Supply function: s(x)=0.6x Find the equilibrium quantity: Find the...

Question

Question

Given: (x is number of items)
Demand function: d(x)=300−0.2x
Supply function: s(x)=0.6x

Find the equilibrium quantity:

Find the producers surplus at the equilibrium quantity:

math calculus

Answer 1

Answer #1

2 w Demand function dllx)= 300 -0.29 Supply function 5/01-.o.ox for equilibruen quantity; al(8) = 61X). 300-0.2x = 0.62 [x= 3

Answer 2

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