Question: Given: (x is number of items) Demand function: d(:1:) = 200 0.5m Supply function: 3(a)) = 0.33 Find the equilibrium quantity: Find the producers surplus




Given: (x is number of items) Demand function: d(:1:) = 200 0.5m Supply function: 3(a)) = 0.33 Find the equilibrium quantity: Find the producers surplus at the equilibrium quantity: Given: (x is number of items) Demand function: d(:1:) = 400 0.6m Supply function: 3(3) = 0.23 Find the equilibrium quantity: Find the consumers surplus at the equilibrium quantity
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