it is determind the supply fuction for a certain product xx ( measure in units of thousands) can be Discribed by s(x) =(2x+1/4) power of 2 with a corresponding demand fuction d(x) =200/(15x+1)
a. determind the equilibrium point??
b. what is the cosumer surplus?
c. what is produre surplus?
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it is determind the supply fuction for a certain product xx ( measure in units of thousands) can be Discribed by s(x) =(2x+1/4) power of 2 with a corresponding demand fuction d(x) =200/(15x+1)
a. determind the equilibrium point??
b. what is the cosumer surplus?
c. what is produre surplus?
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