Mathematics, 20.04.2020 21:22 bettybales1986
Suppose the supply function for a certain item is given by S(q)= (q+6)2 and the demand funtion is given by D(q)= (1000)/(q+6).
A. Find the point at which supply and demand are in equilibrium?
B. Find the consumer's surplus?
C. find the producer's surplus?
Answers: 3
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Suppose the supply function for a certain item is given by S(q)= (q+6)2 and the demand funtion is gi...
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