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4 Jul 2018
200 The demand equation for a product is given by p= (in dollars), and the supply equation is p = 2ln(q +10)+5 (in dollars), with the equilibrium point (4.p.)=(153.32,15.19). Calculate producers' surplus (PS) under market equilibrium. Round your answer to two decimals
200 The demand equation for a product is given by p= (in dollars), and the supply equation is p = 2ln(q +10)+5 (in dollars), with the equilibrium point (4.p.)=(153.32,15.19). Calculate producers' surplus (PS) under market equilibrium. Round your answer to two decimals
Elin HesselLv2
5 Jul 2018
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