Consumers' Surplus The demand function for a certain brand of CD is given by P = -0.01x2- 0.2x + 22 where p is the wholesale unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. Determine the consumers' surplus (in dollars) if the market price is set at $7/disc. (Round your answer to two decimal places.) $ 270000 Need Help? Read It Master It 2. [0/1 Points] DETAILS PREVIOUS ANSWERS TANAPCALC10 6.7.005. MY NOTES PRACTICE ANOTHER Producers' Surplus The demand function for a certain brand of CD is given by p = -0.01x2- 0.2x + 9 where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. The supply function is given by p = 0.01x2+ 0.4x + 1 where p is the unit price in dollars and x stands for the quantity that will be made available in the market by the supplier, measured in units of a thousand. Determine the producers' surplus if the market price is set at the equilibrium price. (Round your answer to the nearest dollar.) $ 27 X Need Help? Read ItMathway | Algebra... Do Desmos | Let's learn.. Solve - Step-by-Ste. @ Online Software Ce.. " Math 116, section 1. Producers' Surplus The manufacturer of a brand of mattresses will make x hundred units available in the market when the unit price is p = 150 + 60e0.06x dollars. (a) Find the number of mattresses the manufacturer will make available in the market place if the unit price is set at $450/mattress. (Round your answer to the nearest integer.) 2682 mattresses (b) Use the result of part (a) to find the producers' surplus if the unit price is set at $450/mattress. (Round your answer to the nearest dollar.) $ 4047 X Need Help? Read It Watch It 4. [0/2 Points] DETAILS PREVIOUS ANSWERS TANAPCALC10 6.7.010. MY NOTES PRACTICE ANOTHER Consumers' and Producers' Surplus The management of the Titan Tire Company has determined that the quantity demanded x of their Super Titan tires/week is related to the unit price p by the relation p = 152 - x2 where p is measured in dollars and x is measured in units of a thousand. Titan will make x units of the tires available in the market if the unit price is p = 56 + 1x2 dollars. Determine the consumers' surplus and the producers' surplus when the market unit price is set at the equilibrium price. (Round, your answers to the nearest dollar.) consumer's surplus $ 448000 X producer's surplus $ 405333 X Need Help? Read It Watch It