Question: Hello, can you please help me with this micro question. Thank you and much appreciated! Market Curves. Consider a market with two consumers and two

Hello, can you please help me with this micro question. Thank you and much appreciated!

Hello, can you please help me with this micro question. Thank you

Market Curves. Consider a market with two consumers and two firms. Assume this market is perfectly competitive. Suppose Consumer 1 has a direct demand function of q1 (P) = 436 - 0.5P and Consumer 2 has a direct demand of q2(P) = 1744 - 2.0P. Suppose Firm A has a direct supply function given as qA(P) = 0.50P and Firm B has a direct supply function given as qB(P) = 2.00P. Determine the market supply and demand functions using the individual functions above. How much producer surplus is generated in the market equilibrium? The market equilibrium will generate a producer surplus of $:|. (Enter your answer rounded to two decimal places.)

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