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What will be the answer? i ) Integrate the following: 7x2( 13x3+ 187 )1.3within the range 3 and 10. Under pure competition, the supply curve
What will be the answer?
i) Integrate the following: 7x2( 13x3+ 187 )1.3within the range 3 and 10.
Under pure competition, the supply curve for a certain product is given by: P= Q2+ 100 , the demand curve is given by: Q = 40 - (1/25)P.
ii) Using integration, what will be the consumer surplus.
iii) Using integration, what will be the producer surplus.
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