Question
Asked Feb 26, 2019
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Find the producers' surplus at a price level of $13 for the price-supply equation

p=S(x)=4+0.01x2

where p is the price and x is the demand. Round to the nearest dollar. Do not include a dollar sign or any commas in your answer.

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Expert Answer

Step 1

Differentiate the price-supply equation with respect to x and find x at which the derivative is zero.

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Step 2

The price at x=0 is

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Step 3

At p=13, the demand x...

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Tagged in

Math

Calculus

Derivative