The demand function for a product is , and the supply function for it is , where p is the number of dollars and x is the number of units. If the equilibrium price is $248 what is the producer's surplus at the equilibrium price? Round to the nearest cent.
A)$34.51
B)$58.67
C)$152.53
D)$82.13
E)$176.00

Question

The demand function for a product is  , and the supply function for it is  , where p is the number of dollars and x is the number of units. If the equilibrium price is $248 what is the producer's surplus at the equilibrium price? Round to the nearest cent. ​
A)$34.51 
B)$58.67 
C)$152.53 
D)$82.13 
E)$176.00

Quizplus · Accepted Answer

The Answer of The demand function for a product is  , and the supply function for it is  , where p is the number of dollars and x is the number of units. If the equilibrium price is $248 what is the producer's surplus at the equilibrium price? Round to the nearest cent. ​
A)$34.51 
B)$58.67 
C)$152.53 
D)$82.13 
E)$176.00

The Demand Function for a Product Is , and the Supply