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Find the producers' surplus at a price level of $7 for the price-supply equationp=S(x)=3+0.1xwhere p is the price and x is the demand. Do not include a dollar sign or any commas in your answer.

Question

Find the producers' surplus at a price level of $7 for the price-supply equation

p=S(x)=3+0.1x

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

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Step 1

Find x, the supply when the price is p=7

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Step 2

The producer surplus...

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