SOLUTION: The demand curve for a certain product is given by p(q)583-q^2. The supply curve is given by p(q)=1.2q^2. Find the producer surplus at equilibrium. The producer surplus at equi

Question 1150265: The demand curve for a certain product is given by p(q)583-q^2. The supply curve is given by p(q)=1.2q^2. Find the producer surplus at equilibrium.
The producer surplus at equilibrium is $[]
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!

demand curve:
supply curve:
The equilibrium point is where the supply and demand functions are equal.

The producer surplus at equilibrium is $.

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