Find the producer's surplus at market equilibrium for a product with demand function p=12 /(x+1) and supply

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Find the producer's surplus at market equilibrium for a product with demand function p=12 /(x+1) and supply function p= 1+0.2x. In the following equation p is in dollars and x is the number of units.

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 07:28 AM

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Find the producer's surplus at market equilibrium for a product with demand function p=12 /(x+1) and supply

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Mathematical Applications for the Management Life and Social Sciences

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