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