The demand function for a certain brand of compact disc is given by

The supply function for the compact discs is given by

where p is the wholesale unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. Determine the producers' surplus if the wholesale market price is set at the equilibrium price. Round your answer to the nearest dollar.

$__________

Question

The demand function for a certain brand of compact disc is given by
​  ​
The supply function for the compact discs is given by
​  ​
where p is the wholesale unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. Determine the producers' surplus if the wholesale market price is set at the equilibrium price. Round your answer to the nearest dollar.
​
$__________

Quizplus · Accepted Answer

The Answer of The demand function for a certain brand of compact disc is given by
​  ​
The supply function for the compact discs is given by
​  ​
where p is the wholesale unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. Determine the producers' surplus if the wholesale market price is set at the equilibrium price. Round your answer to the nearest dollar.
​
$__________

The Demand Function for a Certain Brand of Compact Disc