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6 Chrome File Edit View History Bookmarks Profiles Tab Window Help , (' - TueDec76243PM X t Course Hero * Course Hero v ' 7 A! I MY NOTES I PRACTICE ANOTHER ea Shah 1.1mm . . 1 shot an Show , 54 P Section 6.7 , Math 1 ' Inbox (42) , brendan X ' Fwd: Alert: Keep You X C Suppose An lnvestm X C' webassignnet 5. [0/2 Points] I DETAILS ll PREVIOUSANSWERS I TANAPCALC106.7.007. Producers' Surplus The manufacturer of a brand of mattresses will make x hundred units available in the market when the unit price is p = 150 + 70190-06" dollars. (3) Find the number of mattresses the manufacturer will make available in the market place if the unit price is set at $450/mattress. (Round your answer to the nearest integer.) 24.25 X mattresses (b) Use the result of part (a) to find the producers' surplus if the unit price is set at $450/mattress. (Round your answer to the nearest dollar.) $_x Need Help? 3 .Shot 29.38 PM 6. [-/2 Points] TANAPCALC10 6.7.010. PRACTICE ANOTHER Consumers' and Producers' Surplus 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 relation p = 156 x2 where 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 is p=60+%x2 dollars. 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
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