Question $$ 6 $$ Given: ( $$ x $$ is number of items) Demand function: ' $$ d ( x ) = 510.3 - 0.5 x ^ { \wedge } 2 '$$ Supply function: 's $$ ( x ) = 0.2 x ^ { \wedge } 2 ^ { \prime } $$ .Find the equilibrium quantity:______ Find the producers surplus at the equilibrium quantity:_____

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Question $$ 6 $$ Given: ( $$ x $$ is number of items) Demand function: ' $$ d ( x ) = 510.3 - 0.5 x ^ { \wedge } 2 '$$  Supply function: 's $$ ( x ) = 0.2 x ^ { \wedge } 2 ^ { \prime } $$ .Find the equilibrium quantity:______ Find the producers surplus at the equilibrium quantity:_____

Murray Howell · Accepted Answer

510.3-0.5x^2=0.2x^2x=270.7x^2-510.3

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Question \( 6 \) Given: ( \( x \) is number of items) Demand function: ' \( d ( x ) = 510.3 - 0.5 x ^ { \wedge } 2 '\) Supply function: 's \( ( x ) = 0.2 x ^ { \wedge } 2 ^ { \prime } \) .Find the equilibrium quantity:______ Find the producers surplus at the equilibrium quantity:_____

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