AIR MATH

Math Question

6b) Given the demand equation for a product is \( p(q)=200-0.3 q^{2} \) and the supply function is \( p(q)=0.2 q^{2} \) find the equilibrium point for this product and use it to compute the value of the Consumer and Producer Surplus associated with this product. All work must be shown. Round answers off to two decimal places. (15 points)

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