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Producers' Surplus A supplier of portable hair dryers will make x hundred units of hair dryers available in the market when the unit price is
Producers' Surplus A supplier of portable hair dryers will make x hundred units of hair dryers available in the market when the unit price is p= 4 + 2x dollars. Determine the producers' surplus if the market price is set at $8/unit. (Round your answer to two decimal places.) $ Need Help? Read It Watch It -12 Points] DETAILS TANAPCALC10 6.7.006. MY NOTES Consumers' Surplus The demand function for a certain brand of mattress is given by p = 600e -0.07% where p is the unit price in dollars and x (in units of a hundred) is the quantity demanded per month. (a) Find the number of mattresses demanded per month if the unit price is set at $200/mattress. (Round your answer to the nearest integer.) mattresses (b) Use the results of part (a) to find the consumers' surplus if the selling price is set at $200 per mattress. (Round your answer to the nearest dollar.) $
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