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.

Step 1

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

Step 2

The price at x=0 is

Step 3

At p=13, the demand *x*...

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