Find the producers' surplus at a price level of p = $64 for the price -supply equation p =S(r) = 10 + 0.1a +0.000322.A. $9000.B. $9020.C. $9030.D. $9016.Select one:O CDO O O O

A surplus is the amount of an asset or resource that exceeds the amount actively used. A surplus can…

Answered: Find the producers' surplus at a price…

Find the producers' surplus at a price level of p = $64 for the price -supply equation p = S(x) = 10+0.1r + 0.0003r². A. $9000. B. $9020. C. $9030. D. $9016. Select one: O A O B O C O D

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter3: Demand And Supply

Section: Chapter Questions

Problem 31RQ: What is consumer surplus? How is it illustrated on a demand and supply diagram?

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Question

Find the producers' surplus at a price level of p = $64 for the price -supply equation p =
S(r) = 10 + 0.1a +0.000322.
A. $9000.
B. $9020.
C. $9030.
D. $9016.
Select one:
O C
D
O O O O

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