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The demand function for a product is D ( x ) = 6 4 - x 2 and the supply function is S ( x

The demand function for a product is
D(x)=64-x2
and the supply function is
S(x)=3x2
a. Find the equilibrium point.
b. Find the consumer's surplus. Include a shaded graph with your answer.
c. Find the producer's surplus. Include a shaded graph with your answer.
Continuous Money Flow. Find the total income in 8 years by a continuous
money flow with a rate of f(t)=e0.06t and the present value in 8 years with
r=10%.
Hint: You may need to look at the formulas in Section 13.4.
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