In this problem, p is in dollars and x is the number of units. Find the producer's surplus at market equilibrium for a product if its demand function is p = 169 $ 133.34 - x2 and its supply function is p = x² + 4x + 99. (Round your answer to the nearest cent.)

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter3: Polynomial Functions
Section3.5: Mathematical Modeling And Variation
Problem 5ECP
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In this problem, p is in dollars and x is the number of units.
Find the producer's surplus at market equilibrium for a product if its demand function is p = 169
$ 133.34
-
x2 and its supply function is p = x² + 4x + 99. (Round your answer to the nearest cent.)
Transcribed Image Text:In this problem, p is in dollars and x is the number of units. Find the producer's surplus at market equilibrium for a product if its demand function is p = 169 $ 133.34 - x2 and its supply function is p = x² + 4x + 99. (Round your answer to the nearest cent.)
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