2) The demand function for a certain brand of portable clocks is given by:

p = - 0.01 x 2 ^ -. + 0.3 x 10

Where p is the unit price at the wholesale real ex, the quantity demanded each month, measured in units of thousands. The bid for this watch brand function is given by:

p = - 0.01 x ^ 2 + 0.2 x + 4

Having po same meaning as before and where x amount, in thousands, that the supplier will market monthly. Determine the consumer surplus and the surplus production when the unit market price is equal to the equilibrium price.

Question

2) The demand function for a certain brand of portable clocks is given by: 

p = - 0.01 x 2 ^ -. + 0.3 x 10 

Where p is the unit price at the wholesale real ex, the quantity demanded each month, measured in units of thousands. The bid for this watch brand function is given by: 

p = - 0.01 x ^ 2 + 0.2 x + 4 

Having po same meaning as before and where x amount, in thousands, that the supplier will market monthly. Determine the consumer surplus and the surplus production when the unit market price is equal to the equilibrium price.