Math  /  Data & Statistics

Question7. [-/1.48 Points] DETAILS MY NOTES LARAPCALC10 5.5.058. ASK YOUR TEACHER
PRACTICE ANOTHER Factory orders for an air conditioner are about 4000 units per week when the price is $350\$ 350 and about 6000 units per week when the price is $325\$ 325. The supply function is given by ρ=0.0275x\rho=0.0275 x. Find the consumer and producer surpluses. (Assume the demand function is linear.) consumer surplus \ \square$ producer surplus \$ Need Help? Read It Watch It

Studdy Solution
Consumer Surplus: $625,000\$625,000 Producer Surplus: $1,375,000\$1,375,000

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