This preview shows page 1. Sign up to view the full content.
Unformatted text preview: rate r = 4%, and 13.A product has demand function p, (x) = 100 x and supply function
p 2 (x) = 0.lx + 45. (Note that the equilibrium point is (a, b) = (50, 50).)
- Find the consumer surplus = (p 1 (x) b) dx and producer surplus = $ - 0 14. Find the average value of the function f(x)
(Recall the formula for average value: 15. BONUS!! Integrate xe5xdx lb on [1,4]. f(x)dx.) 10 (b p 2 (x)) dx.
View Full Document