Question: ( 1 0 points ) Suppose the supply function for a certain item is given by S ( x ) = x 2 + 1

(10 points) Suppose the supply function for a certain item is given by S(x)=x2+10x, and the demand function is given by D(x)=900-20x-x2, determine the following:
a) Find the equilibrium point.
1a)
b) Find the consumer surplus at the equilibrium point.
1b)
c) Find the producer surplus at the equilibrium point.
1c)
Let p=D(x) be the consumer's demand function. The consumer's surplus is defined for the equilibrium point (q**,p**) as:
Consumer Surplus =CS=0q**D(x)dx-p**q**
Let p=S(x) be the producer's supply function. The producer's surplus is defined for the equilibrium point (q**,p**) as:
Producer's Surplus =PS=p**q**-0q**S(x)dx
( 1 0 points ) Suppose the supply function for a

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