ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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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 is p = 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.)
$ 195
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Transcribed Image Text: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 is p = 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.) $ 195 Need Help? Read It Master It
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