Asked by Gabriel
Find producer's surplus at the market equilibrium point if supply function is
p=0.4x+14 and the demand function is p = 426.4 /(x+20)
p=0.4x+14 and the demand function is p = 426.4 /(x+20)
Answers
Answered by
oobleck
This article should help
https://corporatefinanceinstitute.com/resources/knowledge/economics/consumer-surplus-formula/
https://corporatefinanceinstitute.com/resources/knowledge/economics/consumer-surplus-formula/
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