Help Find the producers' surplus at a price level of p = $56 for the price-supply equation below.p = S(x)=15+0.1x+0.0003x²The producers' surplus is(Round to the nearest integer as needed.)

Answered: Image /qna-images/answer/f9036b51-64cd-489c-ae5f-8efddcb19995.jpg

Answered: Find the producers' surplus at a price…

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter1: Equations And Graphs

Section1.CT: Chapter Test

Problem 8CT

See similar textbooks

Similar questions

When hired at a new job selling electronics, you aregiven two pay options: • Option A: Base salary of $10,000 a year with acommission of 9% of your sales • Option B: Base salary of $20,000 a year with acommission of 4% of your sales How much electronics would you need to sell foroption A to produce a larger income?
When hired at a new job selling electronics, you are given two pay options: • Option A: Base salary of $14,000 a year with acommission of 10% of your sales • Option B: Base salary of $19,000 a year with acommission of 4% of your sales How much electronics would you need to sell foroption A to produce a larger income?
The Federal Helium Reserve held about 16 billioncubic feet of helium in 2010 and is being depleted byabout 2.1 billion cubic feet each year. a. Give a linear equation for the remaining federalhelium reserves, R, in terms of t, the number of years since 2010. b. In 2015, what will the helium reserves be? c. If the rate of depletion doesn’t change, in what year will the Federal Helium Reserve be depleted?
When hired at a new job selling jewelry, you aregiven two pay options: • Option A: Base salary of $17,000 a year with acommission of 12% of your sales • Option B: Base salary of $20,000 a year with acommission of 5% of your sales How much jewelry would you need to sell for optionA to produce a larger income?
Suppose the world’s oil reserves in 2014 are 1,820 billion barrels. If, on average, the total reserves are decreasing by 25 billion barrels of oil each year: a. Give a linear equation for the remaining oil reserves,R, in terms of t, the number of years since now. b. Seven years from now, what will the oil reserves be? c. If the rate at which the reserves are decreasing is constant, when will the world’s oil reserves be depleted?
A basic cellular package costs $20/mo. for 60 min of calling, with an additional charge of$0.30/min beyond that time. The cost formula would, be S C=20+.30(x60) . If you have to keep your bill lower than $50, what is the maximum calling minutes you can use?
How do you solve an equation i algebraically? ii graphically?
In 2004, a school population was 1,001. By 2008the population had grown to 1,697. Assume thepopulation is changing linearly. a. How much did the population grow between theyear 2004 and 2008? b. How long did it take the population to grow from1,001 students to 1,697 students? c. What is the average population growth per year? d. What was the population in the year 2000? e. Find an equation for the population, P, of theschool t years after 2001. f. Using your equation, predict the population of theschool in 2011 .

Recommended textbooks for you

Algebra and Trigonometry (MindTap Course List)

Algebra

ISBN:

9781305071742

Author:

James Stewart, Lothar Redlin, Saleem Watson

Publisher:

Cengage Learning

College Algebra (MindTap Course List)

Algebra

ISBN:

9781305652231

Author:

R. David Gustafson, Jeff Hughes

Publisher:

Cengage Learning

Glencoe Algebra 1, Student Edition, 9780079039897…

Algebra

ISBN:

9780079039897

Author:

Carter

Publisher:

McGraw Hill

Algebra and Trigonometry (MindTap Course List)

Algebra

ISBN:

9781305071742

Author:

James Stewart, Lothar Redlin, Saleem Watson

Publisher:

Cengage Learning

College Algebra (MindTap Course List)

Algebra

ISBN:

9781305652231

Author:

R. David Gustafson, Jeff Hughes

Publisher:

Cengage Learning

Glencoe Algebra 1, Student Edition, 9780079039897…

Algebra

ISBN:

9780079039897

Author:

Carter

Publisher:

McGraw Hill

College Algebra

Algebra

ISBN:

9781305115545

Author:

James Stewart, Lothar Redlin, Saleem Watson

Publisher:

Cengage Learning

College Algebra

Algebra

ISBN:

9781337282291

Author:

Ron Larson

Publisher:

Cengage Learning

College Algebra

Algebra

ISBN:

9781938168383

Author:

Jay Abramson

Publisher:

OpenStax

SEE MORE TEXTBOOKS

Find the producers' surplus at a price level of p = $56 for the price-supply equation below. p= S(x)=15+0.1x+0.0003x² The producers' surplus is $ (Round to the nearest integer as needed.)