Posted by **Vanessa** on Thursday, April 24, 2014 at 11:01pm.

The demand function for a certain brand of CD is given by

p = −0.01x^2 − 0.2x + 12

where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. The supply function is given by

p = 0.01x^2 + 0.5x + 3

where p is the unit price in dollars and x stands for the quantity that will be made available in the market by the supplier, measured in units of a thousand. Determine the producers' surplus if the market price is set at the equilibrium price. (Round your answer to the nearest dollar.)

## Answer this Question

## Related Questions

- !math (4) - The demand function for a certain brand of CD is given by p = −...
- *math (4) - The demand function for a certain brand of CD is given by p = −...
- MATH EMERGENCY - The demand function for a certain brand of CD is given by p...
- !math (2) - The demand function for a certain brand of CD is given by p = −...
- !math (2) - The demand function for a certain brand of CD is given by p = −...
- *math (2) - The demand function for a certain brand of CD is given by p = −...
- Math emergency I have 10 minutes to submit it. - The demand function for a ...
- Calculus: Help ! - The demand function for a certain brand of blank digital ...
- Math [Consumer Surplus] - The demand function for a certain brand of blank ...
- business calc - The demand function for a certain brand of CD is given by p = &#...

More Related Questions