In this problem, p is in dollars and x is the number of units. The demand function for a certain product is p = 189 – 2x2 and the supply function isp = x2 + 33x + 36. Find the producer's surplus at the equilibrium point. (Round x and p to two decimal places. Round your answer to the nearest cent.)

In this problem, p is in dollars and x is the number of units. The demand function for a certain product is p = 189 – 2x2 and the supply function isp = x2 + 33x + 36. Find the producer's surplus at the equilibrium point. (Round x and p to two decimal places. Round your answer to the nearest cent.)

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 17P: If a 10 decrease in the price of one product that you buy causes an 8 increase in quantity demanded...

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