Find the consumers surplus and the producers surplus at the equilibrium price level for each pair of

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Find the consumers’ surplus and the producers’ surplus at the equilibrium price level for each pair of price–demand and price–supply equations. Include a graph that identifies the consumers’ surplus and the producers’ surplus. Round all values to the nearest integer.

(A) p = D(x) = 70 - 0.2x;

p = S(x) = 13 + 0.0012x2

(B) p = D(x) = 70 - 0.2x;

p = S(x) = 13e0.006x

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College Mathematics For Business Economics, Life Sciences, And Social Sciences

ISBN: 978-0134674148

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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