Question: The demand function for a product is D ( x ) = 6 4 - x 2 and the supply function is S ( x
The demand function for a product is
and the supply function is
a Find the equilibrium point.
b Find the consumer's surplus. Include a shaded graph with your answer.
c Find the producer's surplus. Include a shaded graph with your answer.
Continuous Money Flow. Find the total income in years by a continuous
money flow with a rate of and the present value in years with
Hint: You may need to look at the formulas in Section
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