A camera company estimates that the demand function for its new digital camera is p(x) = 312e
Question:
A camera company estimates that the demand function for
its new digital camera is p(x) = 312e-0.14x and the supply function is estimated to be pS(x) = 26e0.2x, where x is measured in thousands. Compute the maximum total surplus.
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px psx 312e01426e2x In 12 034 x X 312 26 e0142 02x X 73085 in thousands and p...View the full answer
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