In this problem, p is in dollars and x is the number of units. The demand function for a certain product is p = 121 - x² and the supply function is p = x² + 8x + 79. Find the equilibrium point. (x, p) = Find the consumer's surplus there. (Round your answer to the nearest cent.) $

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter3: Polynomial Functions
Section3.5: Mathematical Modeling And Variation
Problem 5ECP
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In this problem, p is in dollars and x is the number of units.
The demand function for a certain product is p = 121 - x² and the supply function is p = x² + 8x + 79. Find the equilibrium point.
(x, p) =
Find the consumer's surplus there. (Round your answer to the nearest cent.)
$
Transcribed Image Text:In this problem, p is in dollars and x is the number of units. The demand function for a certain product is p = 121 - x² and the supply function is p = x² + 8x + 79. Find the equilibrium point. (x, p) = Find the consumer's surplus there. (Round your answer to the nearest cent.) $
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