Question: Given: (x is number of items)Demand function: d(x)=1040.4-0.3x2Supply function: s(x)=0.6x2Find the equilibrium quantity:Find the producers surplus at the equilibrium quantity:
Given: (x is number of items)Demand function: d(x)=1040.4-0.3x2Supply function: s(x)=0.6x2Find the equilibrium quantity:Find the producers surplus at the equilibrium quantity:
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