Mathematics, 19.12.2019 22:31 dkdk31
The management of the titan tire company has determined that the quantity demanded x of their super titan tires/week is related to the unit price p by the relationp = 164 − x2where p is measured in dollars and x is measured in units of a thousand. titan will make x units of the tires available in the market if the unit price isp = 68 + (1/2)x^2dollars. determine the consumers' surplus and the producers' surplus when the market unit price is set at the equilibrium price. (round your answers to the nearest dollar.)consumer's surplus = $producer's surplus = $
Answers: 2
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I'm confused on this could anyone me and show me what i need to do to solve it.
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The management of the titan tire company has determined that the quantity demanded x of their super...
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