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