The demand function for a product is p=49-x2 and the supply function is p=4x+4. Find the equilibrium

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The demand function for a product is p=49-x2 and the supply function is p=4x+4. Find the equilibrium point and the consumer's surplus there. In the following equation and C are in dollars and x is the number of units.

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 07:28 AM

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The demand function for a product is p=49-x2 and the supply function is p=4x+4. Find the equilibrium

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49x 2 4x4 0x 2 4x45 0x9x5 ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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