Math Solutions

[Solution] Consumer and Producer Surpluses: Given the demand function p_1(x)=(10,000)/(√x+100) and the supply function p_2(x)=100 √0.05 x+10 , find

Question: Consumer and Producer Surpluses: Given the demand function \(p_{1}(x)=\frac{10,000}{\sqrt{x+100}}\) and the supply function \(p_{2}(x)=100 \sqrt{0.05 x+10}\) , find the consumer and producer surpluses.

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