Find the producers' surplus at a price level of p = $70 for the price-supply equation below.%3Dp= S(x) = 10 + 0.1x + 0.0003x?The producers' surplus is $(Round to the nearest integer as needed.)

We are going to integrate the area above the Supply curve, S(x) and below the Price provided in the…

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Find the producers' surplus at a price level of p= $70 for the price-supply equation below. p= S(x) = 10 + 0.1x + 0.0003x² The producers' surplus is $. (Round to the nearest integer as needed.)

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter4: Markets In Action

Section: Chapter Questions

Problem 15SQ

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Question

Find the producers' surplus at a price level of p = $70 for the price-supply equation below.
%3D
p= S(x) = 10 + 0.1x + 0.0003x?
The producers' surplus is $
(Round to the nearest integer as needed.)

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