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Section 3.7: (page 218) whole page

textbroker.com X Final Exam X Section 3.7 HW Problen x BusCalc.pdf X Ask a Question X Section 3.7 HW Problen x My Drive - Google Drive X + - C D O File | /Users/davidorozco/Downloads/Section%203.7%20HW%20Problems.pdf Update : Suggested Sites M Gmail YouTube Disney+ canvas find cards saved o... Other Bookmarks E Section 3.7 HW Problems.pdf 1 / 2 | - 98% + Let p = D(x) be the consumer's demand function. The consumer's surplus is defined for the equilibrium point (q*, p*) as: Consumer Surplus=CS=So D(x)dx - p*q Let p = S(x) be the producer's supply function. The producer's surplus is defined for the equilibrium point (q*, p*) as: Producer's Surplus=PS=p*q* - So S(x)dx 1. Suppose the demand function for a certain item is given by D(x) = (x -6)2 , and the supply function is S(x) = x2 , determine the following: a) Find the equilibrium point. b) Find the consumer surplus at the equilibrium point. 2 c) Find the producer surplus at the equilibrium point. 2. Suppose the demand function for a certain item is given by D(x) = (x - 4)2 , and the supply function is S(x) = x2 + 2x + 6, determine the following: a) Find the equilibrium point. b) Find the consumer surplus at the equilibrium point.textbroker.com X Final Exam X Section 3.7 HW Problen x BusCalc.pdf X Ask a Question X Section 3.7 HW Problen x My Drive - Google Drive X + - C D File | /Users/davidorozco/Downloads/Section%203.7%20HW%20Problems.pdf Update : Suggested Sites M Gmail YouTube Disney+ canvas find cards saved o... Other Bookmarks E Section 3.7 HW Problems.pdf 2 /2 - 98% + c) Find the producer surplus at the equilibrium point. 3. Suppose the demand function for a certain item is given by D(x) = -x2 - 5x + 52 , and the supply function is S(x) = 2x2 + 10x + 10 , determine the following: 2 a) Find the equilibrium point. b) Find the consumer surplus at the equilibrium point. c) Find the producer surplus at the equilibrium point. . Suppose the demand function for a certain item is given by D(x) = 28 -9x - x2 , and the supply function is S(x) = x2 + x , determine the following:textbroker.com X Final Exam X Section 3.7 HW Problen x BusCalc.pdf X Ask a Question X Section 3.7 HW Problen x My Drive - Google Drive X + - C D File | /Users/davidorozco/Downloads/Section%203.7%20HW%20Problems.pdf Update : Suggested Sites M Gmail YouTube Disney+ canvas find cards saved o... Other Bookmarks E Section 3.7 HW Problems.pdf 2 /2 - 98% + c) Find the producer surplus at the equilibrium point. 4. Suppose the demand function for a certain item is given by D(x) = 28 -9x -x , and the supply function is S(x) = x2 + x , determine the following: a) Find the equilibrium point. 2 b) Find the consumer surplus at the equilibrium point. c) Find the producer surplus at the equilibrium point