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Roger is breeding tropical fish to sell to hobbyists. He feels that his supply curve is: S(q) = 0.5q,where q is the number of fish,
Roger is breeding tropical fish to sell to hobbyists. He feels that his supply curve is: S(q) = 0.5q",where q is the number of fish, in hundreds, sold at S(q) dollars each. Articles in his trade newsletters letters lead him to believe that the demand curve is: D(q) = 15e- 0.19 a. Find the equilibrium point. b. Find the consumer's surplus. C. Find the producer's surplus
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