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event_available2026-07-13
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Find the consumer and producer surpluses by using the demand and supply functions, where p is the price (in dollars) and x is the number of units
(in millions).
Demand Function
Supply Function
p-290-x
consumer surplus
$
producer surplus $
p = 140 + x
millions
millions
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O-12 points LarApCalc10 5.5.046.
My Notes Ask Your Teacher
Find the consumer and producer surpluses by using the demand and supply functions, where p is the price (in dollars) and x is the number of units
(in millions).
Demand Function
Supply Function
p-945-23x
p=40x
consumer surplus
$
millions
producer surplus
$
millions
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Practice Another Version
9.
O-1 points HarMathAp10 13.4.023.
In this problem, p is in dollars and x is the number of units.
My Notes Ask Your
If the demand function for a product is p = 33/(x + 1) and the supply function is p=1+0.2x, find the consumer's surplus under pure
competition. (Round your answer to two decimal places.)
$
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