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A small batch coffee roaster determines that the price charged (in dollars) per pound of coffee...

A small batch coffee roaster determines that the price charged (in dollars) per pound of coffee is given by the demand equation p = 10/(q+1) + 16, where q is in hundreds. Assume their supply equation is given by p(q) = 4q + 2.

(a) Find the equilibrium price.

(b) Set up, but do not evaluate, an integral that represents producer surplus.

Math   Calculus   
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